Bloomberg: Asia’s three major exchanges are resisting “crypto treasury” companies
Original Title: Asia’s Biggest Stock Exchanges Push Back Against Companies Hoarding Crypto
Original Authors: Alice French, Richard Henderson, Kiuyan Wong, Yasutaka Tamura
Original Compilation: Joe Zhou, Foresight News
· The Hong Kong Exchanges and Clearing Limited (HKEX) has questioned at least five companies planning to transform into Digital Asset Treasury (DAT) companies, stating that current regulations prohibit firms from hoarding excessive liquid assets.
· Resistance against DATs is also seen in India and Australia. Local trading platform operators share similar concerns, and these attitudes may stall the plans of many cryptocurrency treasury companies.
· In the Asia-Pacific region, Japan is an exception. The local listing rules…
