Tokyo Exchange Operator Mulls Limits on Digital Asset Treasury Firms: Report

Japan Exchange Group (JPX), which operates the Tokyo Stock Exchange, is reportedly considering measures to curb listed companies that accumulate digital tokens as treasury assets. This consideration stems from concerns over governance and shareholder protection, particularly due to the volatile price swings in these crypto-holding stocks that have caused significant losses for retail investors. JPX is exploring stricter enforcement of backdoor listing rules and implementing new audits for firms heavily tilting toward crypto accumulation. Although JPX lacks specific regulations banning crypto hoarding, it has already warned three Japanese companies since September against pursuing crypto accumulation as a core strategy, threatening fundraising restrictions. Japan currently leads Asia with 14 publicly listed companies holding bitcoin, such as Metaplanet, whose shares have dropped over 70% from their peak.

(Source：CoinDesk)