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Asia-Pacific Region's Top Three Stock Exchanges Tighten Regulation, Crypto Treasury (DAT) Company's Transformation Hindered
BlockBeats News, October 22nd, according to Bloomberg, the three major stock exchanges in the Asia-Pacific region, including the Hong Kong Stock Exchange, are resisting the trend of listed companies hoarding cryptocurrency as a core part of their business. In recent months, the Hong Kong Stock Exchange has questioned the strategic plans of at least five companies to shift towards becoming Cryptocurrency Asset Treasury (CAT) companies, citing violations of regulations prohibiting holding a large amount of liquid assets. Exchanges in India and Australia have also taken a similar stance, adding more resistance to listed companies transitioning into Cryptocurrency Asset Treasury (CAT) companies.
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