Major Asian Exchanges Veto Bitcoin (BTC) Companies!

Recently, interest in crypto asset treasury companies (DATs) focusing on cryptocurrencies, particularly Bitcoin (BTC) and Ethereum (ETH), has ￰0￱ this point, as the number of DATs continues to increase, Asian exchanges are tightening listing rules for firms holding ￰1￱ major Asian exchanges are tightening listing requirements for companies holding cryptocurrencies, Bloomberg ￰2￱ Asian exchanges such as Hong Kong, India and Australia are cracking down on companies seeking to shift their core business to large-scale cryptocurrencies, citing concerns about rising market speculation and deteriorating financial ￰3￱ is stated that this move by Asian exchanges creates a new obstacle to institutional Bitcoin treasury ￰4￱ was reported that the Hong Kong stock exchanges were at the center of the ￰5￱ was reported that Hong Kong Exchanges and Clearing Limited (HKEX), in particular, blocked at least five companies from implementing Bitcoin treasury ￰6￱ decision put on hold plans for companies to acquire cryptocurrencies for balance sheet ￰7￱ in India and Australia have also implemented similar measures and further weakened the viability of the DAT model with similar restrictions, sources said.

India’s Bombay Stock Exchange recently rejected Jetking Infotrain’s IPO application for crypto investments, while the Australian Securities Exchange (ASX) has made crypto treasury models nearly impossible with rules prohibiting companies from holding more than half of their balance sheets in crypto-like assets. *This is not investment ￰8￱ Reading: Major Asian Exchanges Veto Bitcoin (BTC) Companies!