Crypto Crackdown: Tokyo Stock Exchange Operator Moves to Rein In Corporate Treasuries

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The operator of the Tokyo Stock Exchange is clamping down on listed companies turning into crypto funds. The Japan Exchange Group (JPX), alarmed by the risks of digital assets, is drafting tighter rules to oversee firms with large cryptocurrency holdings.

The planned crackdown includes reinterpreting backdoor-listing bans and forcing “crypto pivot” companies to get fresh audits.

JPX has already flexed its muscle, successfully pressuring three firms to halt their crypto-buying plans under threat of restricted fundraising, signaling a tougher stance is already in effect.