《Resisting the Listing Companies' 'Crypto Frenzy': The Three Major Exchanges in Asia-Pacific Did a Great Job!》

The three major exchanges in the Asia-Pacific region resist listing companies' 'bets' on cryptocurrencies, a wise move!

According to Bloomberg, the three major stock exchanges in the Asia-Pacific region—Hong Kong Stock Exchange, Indian Exchange, and Australian Exchange—are collectively saying 'no' to the trend of listing companies hoarding cryptocurrencies as their core business.

The Hong Kong Stock Exchange has performed particularly well in recent months, questioning at least five listed companies that plan to transform into crypto treasury (DAT) companies. Its basis is that such transformations violate the regulations prohibiting listed companies from holding large amounts of liquid assets. The Indian and Australian exchanges are also following suit, setting heavy obstacles for listed companies to transition to crypto treasury companies.

In my opinion, this initiative by the three exchanges is very wise. The cryptocurrency market is highly volatile and risky, lacking effective regulation, and prices can easily be manipulated. If listed companies focus their core business on this, they are undoubtedly tying their fate to this extremely unstable 'rope'. Once the market crashes, not only could the companies themselves face huge losses, but it could also severely harm the interests of a large number of investors. The exchanges' resistance to this trend is safeguarding market stability and protecting investors' rights, which is commendable! #加密市场观察