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HKEX Responds to Tightened Regulation of Crypto Custodians: Ensuring Substantive Business Operations
BlockBeats News, October 22nd. In response to a previous Bloomberg report on "Tightening Regulation by Three Major Securities Exchanges in the Asia-Pacific Region Hampers Transformation of Crypto Treasury (DAT) Companies," a Hong Kong Stock Exchange spokesperson has responded, stating that the Hong Kong Stock Exchange's framework ensures that the business and operations of all applicants seeking listings and those already listed are viable, sustainable, and substantive.
It is reported that the Hong Kong Stock Exchange has recently questioned the strategic plans of at least five companies shifting towards becoming Crypto Treasury (DAT) companies, citing violations of regulations prohibiting the holding of large amounts of liquid assets.
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