Japan Exchange Group (JPX) is considering tightening regulations to limit the continued expansion of "coin-hoarding" listed companies (DAT) because the crypto-hoarding craze has triggered huge losses for retail investors. Sources say JPX is assessing stricter application of backdoor listing rules, requiring relevant companies to be re-audited, and has suspended the plans of 3 companies planning to purchase coins, warning that their financing capabilities will be limited if they insist on purchasing coins as their main strategy.Japan currently has 14 listed Bitcoin buyer companies, the most in Asia, and the largest DAT - Metaplanet's stock price has plummeted more than 75% since its June peak.[Bloomberg]
Japan Exchange Group (JPX) is considering tightening regulations to limit the continued expansion of "coin-hoarding" listed companies (DAT) because the crypto-hoarding craze has triggered huge losses for retail investors. Sources say JPX is assessing stricter application of backdoor listing rules, requiring relevant companies to be re-audited, and has suspended the plans of 3 companies planning to purchase coins, warning that their financing capabilities will be limited if they insist on purchasing coins as their main strategy.Japan currently has 14 listed Bitcoin buyer companies, the most in Asia, and the largest DAT - Metaplanet's stock price has plummeted more than 75% since its June peak.[Bloomberg]
Powered by ChatGPT
Scan QR Code to Explore more key information
One-stop financial research platform for Crypto Investors