The Hong Kong Stock Exchange responds to tightening regulation of cryptocurrency treasury companies, stating the need to ensure that business operations have substantial content

ChainCatcher message, in response to a previous Bloomberg report regarding the tightening of regulations by the three major stock exchanges in the Asia-Pacific region and the obstacles faced by crypto treasury (DAT) companies in their transformation, a spokesperson for the Hong Kong Stock Exchange stated that the HKEX framework ensures that all applicants seeking listing and those already listed have viable, sustainable, and substantive business operations.

It is reported that the HKEX has recently questioned the strategic plans of at least five companies to transition to crypto treasury (DAT) companies, citing violations of regulations prohibiting the holding of large amounts of liquid assets.