Crypto Treasuries in Asia: The Regulatory Heat is On
What’s going on with crypto treasuries in Asia?
As stock exchanges in Asia start to crack down on crypto treasuries, we can’t help but wonder what this means for the future of digital asset management. Major players in India, Hong Kong, and Australia have been blocking or putting the brakes on companies trying to become digital asset treasury (DAT) vehicles. Why? Well, it’s all about liquidity and the fear that companies might turn into glorified investment vehicles instead of legitimate businesses. Recently, the Bombay Stock Exchange shot down a listing application from a company that planned on investing the proceeds in crypto. Hong Kong Exchanges & Clearing Ltd. has done the same, rejecting several DAT applications, while…
