Japan Exchange Group Weighs Stricter Oversight for Crypto-Treasury Firms
Japan Exchange Group is tightening scrutiny of listed companies with significant cryptocurrency holdings, signaling growing regulatory unease about investor risks in digital asset markets. The Tokyo Stock Exchange operator may impose additional audit requirements and revise rules for backdoor listings targeting firms pivoting to crypto strategies.
Three companies have already halted crypto acquisition plans after JPX warnings about potential fundraising restrictions. Shares of crypto-heavy firms like Strategy Inc. and Metaplanet have surrendered earlier gains, reflecting market sensitivity to regulatory pressures.
The exchange group is particularly focused on governance concerns surrounding digital-asset treasury models. While no final decisions have been made, the review could lead to Japan's first comprehensive framework for publicly traded companies holding crypto assets.
