Asia Pacific's three major stock exchanges resist listed companies turning to crypto-treasury (DAT) companies

According to Odaily Planet Daily, the three major stock exchanges in the Asia-Pacific region, including the Hong Kong Stock Exchange (HKEX), are resisting the trend of listed companies adopting cryptocurrency accumulation as a core business. In recent months, the HKEX has questioned the strategic plans of at least five companies to transform into direct asset management (DATs), citing violations of regulations prohibiting the holding of large amounts of liquid assets. Indian and Australian exchanges have also adopted a similar stance, creating greater obstacles for listed companies to transform into DATs. (Bloomberg)