Hong Kong Regulators Tighten Oversight on Listed Firms Buying Bitcoin
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- Hong Kong Stock Exchange rejects at least five firms seeking Digital Asset Treasury status.
- SFC Chairman Wong Tin-yau warns DAT premium could disappear “within a day.”
- HK currently prohibits listed companies from transforming into pure crypto holders.
Hong Kong regulators have intensified scrutiny of listed companies attempting to adopt Digital Asset Treasury strategies. The Hong Kong Stock Exchange has rejected applications from at least five companies seeking to change into entities focused on cryptocurrency holdings.
According to media reports citing sources, none of the companies pursuing DAT conversions have received listing approval from the exchange. Hong Kong currently prohibits listed companies from transforming into operations that primarily accumulate digital currencies.
Regulatory framework remains undefined
SFC Chairman Wong Tin-yau stated that…
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In This News
Coins
$ 64.30K
+0.53%$ 0.00737
+1.35%$ 0.0000926
$ 0.00...835
$ 78.14
+0.27%Predictions Markets
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