🚨 Asia’s Stock Exchanges Are Ghosting Crypto Treasuries – Who’s Next? 👻

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Well, butter my biscuit and call me confused! Stock exchanges in India, Hong Kong, and Australia are suddenly acting like they’ve never heard of FOMO, blocking or restricting companies from becoming digital asset treasury vehicles. 🤑 Like, hello? Is it 2010 again? No one told these exchanges that crypto is the new black? 🖤

Hong Kong Exchanges & Clearing Ltd. is basically the cool kid who won’t let you sit at their table, rejecting at least five companies trying to go full DAT. Their excuse? Rules against “cash companies” that hold primarily liquid assets. 🙄 Because apparently, holding crypto is the same as hoarding Monopoly money. According to Bloomberg (and their anonymous BFFs), this is a thing now.

Meanwhile, the Bombay Stock Exchange is like that strict teacher who catches you texting in class, rejecting a listing application last month from a company that dared to whisper the word “crypto.” 📉

And Australia’s ASX? They’re the fun police, barring companies from holding more than half their balance sheets in crypto. So much for DAT models-they’re “essentially impossible” now. 😭 A spokesperson basically said, “If you’re into crypto, maybe try an ETF? We’re not mad, just disappointed.”

Japan: The Cool Uncle of Crypto 🍣

Japan, on the other hand, is like that cool uncle who lets you stay up past your bedtime. They’re totally fine with DATs as long as there’s proper disclosure. In fact, they’re hosting 14 listed Bitcoin buyers, including Metaplanet, the fourth-largest Bitcoin DAT in the world. 🇯🇵✨

But here’s the twist: MSCI, the index provider with a stick up its algorithm, is proposing to exclude large DATs with more than 50% crypto holdings. So, passive investment flows might just say “sayonara.” 😢

CryptoMoon tried sliding into the DMs of these exchanges, but crickets. 🦗

Are These Companies Just Selling Clout? 💼

Some bourses are side-eyeing these companies like they’re influencers selling detox tea, accusing them of selling their “listed status” instead of running real businesses. And let’s not forget the “cash company” drama-firms holding mostly liquid assets are basically being called empty shells. 🍱 Regulators want companies with actual operations, not just crypto hoarders.

Crypto Treasuries: On Thinner Ice Than a Reality TV Romance ❄️

DATs were the Beyoncé of crypto markets this year, but now they’re more like the one-hit wonders trading at or below their NAVs. Researchers at 10x Research are like, “The financial magic is over, folks,” pointing to slumping share prices, especially at Metaplanet. Even BitMine’s Tom Lee hinted the DAT bubble might’ve popped. 🎈💥

So, what’s next? Will crypto treasuries bounce back, or are they destined to become the next Beanie Baby collection? Only time (and probably more Bloomberg reports) will tell. 🕰️

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2025-10-22 06:44