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Japanese exchange plans to tighten regulation on Crypto Assets holding companies

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According to Deep Tide TechFlow news, on November 13, Cointelegraph reported that Japan's largest securities exchange operator, Japan Exchange Group (JPX), is considering implementing stricter regulations for listed companies transitioning to cryptocurrency holding businesses. According to Bloomberg, JPX plans to introduce new audit requirements and stricter reverse listing assessments. This move comes after digital asset companies have recently encountered significant losses, including the share price of Japan's largest Bitcoin holding company, Metaplanet, which fell 82% from its peak in May of this year. Metaplanet CEO Simon Gerovich responded that the company has obtained approval for all key matters through five shareholder meetings and follows formal governance processes. If JPX officially implements the new regulations, it may slow down or prevent the listing process for new digital asset companies.

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