Japanese Exchange is Studying How to Prevent Listed Companies from Hoarding Cryptocurrency

BlockBeats News, November 13th, as people's concerns grow over the losses caused by the cryptocurrency hoarding frenzy, the Japan Exchange Group (JPX) is considering taking measures to restrict the growth of listed digital asset management companies.

Insiders revealed that options under consideration include tightening backdoor listing regulations and requiring companies to undergo new audits. As the plans have not been made public yet, they requested anonymity. They added that no formal course of action has been decided upon at the moment. One insider said that since September, three listed Japanese companies have suspended their plans to purchase cryptocurrency due to opposition from the Japan Exchange; these companies were informed that their financing abilities would be restricted if they were to purchase cryptocurrency as a business strategy. (FX678)