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Stock exchanges such as Hong Kong Exchanges and Clearing have tightened regulations to crack down on listed companies that use cryptocurrency hoarding as their core business
According to Foresight News, according to Bloomberg, the three major stock exchanges in the Asia-Pacific region, including the Hong Kong Exchange, are cracking down on the trend of listed companies using cryptocurrency hoarding as their core business. Hong Kong Exchanges and Clearing has in recent months questioned at least five companies' plans to move to digital asset vault (DAT) strategies, citing people familiar with the matter, citing violations of rules prohibiting holding large amounts of liquid assets. Indian and Australian exchanges have taken similar stances and no such companies have been approved yet.
According to a recent report from Singapore-based 10X Research, retail investors lost approximately $17 billion on DAT trades. In the Asia-Pacific market, exchange operator reservations may put a damper on the plans of cryptocurrency hoarders.
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