JPX Tightens Oversight on Crypto-Focused Companies
The Japan Exchange Group (JPX) is reevaluating its oversight criteria for publicly traded companies with cryptocurrency-heavy strategies. Senior sources indicate JPX may impose stricter scrutiny on firms building crypto-laden balance sheets, causing at least three companies to pause their digital asset acquisition plans.
JPX, which operates the Tokyo Stock Exchange, is reinterpreting rules on backdoor public offerings to create a new auditing framework for firms shifting toward crypto reserves. This regulatory expansion could reshape how companies with crypto-centric business models operate in Japan's capital markets.
The MOVE follows warnings issued to several listed firms, heightening market sensitivity. While no specific cryptocurrencies were named, the decision reflects growing institutional caution amid crypto's integration into traditional finance.
