Bitcoin Updates: Japan Strives to Foster Crypto Advancements While Ensuring Investor Protection Amid DATs Decline
- Japan Exchange Group (JPX) plans stricter rules for digital-asset treasury (DAT) firms amid volatile stock collapses, including enhanced audits and backdoor listing restrictions. - Metaplanet and Convano, major DATs holding thousands of BTC, have lost over 60% of their value, reflecting global market instability linked to crypto-heavy strategies. - Regulators warn DATs pose risks to retail investors due to reliance on volatile assets, while Japan balances innovation incentives with governance safeguards
The Japan Exchange Group (JPX) is facing mounting calls to curb the swift growth of digital-asset treasury (DAT) firms, as fluctuating stock prices and investor setbacks draw increased regulatory attention. The operator of the Tokyo Stock Exchange is said to be weighing tighter enforcement of backdoor listing regulations and requiring mandatory audits for companies shifting toward significant crypto holdings,
The new regulations would broaden current restrictions on backdoor listings—which let private firms sidestep standard IPO processes by purchasing already-listed companies—to include those changing their main business to crypto.
The measures JPX is considering are in line with a broader trend of caution in the region. While Japan is home to 14 publicly traded
Industry specialists caution that without more robust regulation, DATs could increase market volatility. “The DAT structure depends on highly volatile assets and generates minimal revenue,” one analyst observed,
The ongoing regulatory discussion highlights Japan’s challenge in balancing innovation with investor protection. While DATs initially attracted interest as a hedge against yen depreciation, the sector’s recent troubles have revealed regulatory shortcomings. JPX’s current review could redefine Japan’s position as a leader in corporate crypto adoption, with potential effects on global markets. As the exchange considers its next moves, companies like Metaplanet must navigate both market uncertainty and stricter oversight
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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