PANews reported on November 13th that, according to Jinshi, as concerns grow about losses caused by the cryptocurrency hoarding frenzy, Japanese exchange groups are considering measures to limit the growth of listed digital asset fund management companies. Sources familiar with the matter revealed that options under consideration include tightening regulations on backdoor listings and requiring companies to undergo new audits. They requested anonymity because the plans have not yet been made public. They added that no formal action plan has been finalized. One source said that since September, three listed Japanese companies have suspended their plans to purchase cryptocurrencies due to obstruction from Japanese exchanges; these companies were told that their financing capabilities would be limited if they adopted cryptocurrency purchases as a business strategy.PANews reported on November 13th that, according to Jinshi, as concerns grow about losses caused by the cryptocurrency hoarding frenzy, Japanese exchange groups are considering measures to limit the growth of listed digital asset fund management companies. Sources familiar with the matter revealed that options under consideration include tightening regulations on backdoor listings and requiring companies to undergo new audits. They requested anonymity because the plans have not yet been made public. They added that no formal action plan has been finalized. One source said that since September, three listed Japanese companies have suspended their plans to purchase cryptocurrencies due to obstruction from Japanese exchanges; these companies were told that their financing capabilities would be limited if they adopted cryptocurrency purchases as a business strategy.
Market news: Japanese stock exchanges are studying how to curb listed companies from hoarding cryptocurrencies.
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PANews reported on November 13th that, according to Jinshi, as concerns grow about losses caused by the cryptocurrency hoarding frenzy, Japanese exchange groups are considering measures to limit the growth of listed digital asset fund management companies. Sources familiar with the matter revealed that options under consideration include tightening regulations on backdoor listings and requiring companies to undergo new audits. They requested anonymity because the plans have not yet been made public. They added that no formal action plan has been finalized. One source said that since September, three listed Japanese companies have suspended their plans to purchase cryptocurrencies due to obstruction from Japanese exchanges; these companies were told that their financing capabilities would be limited if they adopted cryptocurrency purchases as a business strategy.
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