JPX Shields Investors with Proposed Crypto Rules for Listed Companies
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In a move to protect investors from extreme volatility, the Japan Exchange Group (JPX) is weighing new safeguards for listed companies that heavily invest in cryptocurrency.
The proposed oversight framework aims to prevent listed firms from effectively becoming speculative crypto treasuries without proper disclosure. Key measures under review include stricter enforcement against backdoor listings and requiring new audits for companies making a strategic pivot into crypto.
The push for greater transparency has already had an impact, with at least three companies pausing their crypto initiatives after warnings from the exchange.
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