Overview
- The Tokyo Stock Exchange operator is considering stricter backdoor-listing enforcement and fresh audits for companies pivoting to digital-asset treasuries.
- Since September, the bourse has warned at least three firms they could face fundraising limits if they pursue coin-hoarding strategies, prompting some to pause plans.
- JPX is monitoring governance and shareholder risks, with no specific rule that bans listed companies from stockpiling tokens.
- Japan counts 14 publicly traded bitcoin-holding companies; Metaplanet’s shares are more than 70% below their June peak despite holding over 30,000 BTC.
- The deliberations echo regional pushback, with Hong Kong’s exchange reportedly blocking several pivots and India’s BSE rejecting a crypto-investment proposal.