The three major Asia-Pacific stock exchanges are resisting listed companies from hoarding cryptocurrencies as a core business.
Jinse Finance reported that three major stock exchanges in the Asia-Pacific region, including the Hong Kong Stock Exchange, are resisting the trend of listed companies hoarding cryptocurrencies as a core business. In recent months, the Hong Kong Stock Exchange has questioned the plans of at least five companies to shift to a Digital Asset Treasury (DAT) strategy, citing violations of regulations prohibiting the holding of large amounts of liquid assets. Exchanges in India and Australia have also taken similar stances, and so far, no such companies have been approved.
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