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Japanese exchange research to curb listed companies hoarding Crypto Assets.
[Japanese Exchange Studies Measures to Curb Listed Companies Hoarding Crypto Assets] As concerns grow over the losses caused by the hoarding frenzy of crypto assets, the Japan Exchange Group is considering measures to limit the rise of listed digital asset fund management companies. According to informed sources, options being considered include tightening regulations on reverse mergers and requiring companies to undergo new audits. Since the plans are not yet public, they requested anonymity. They added that no formal action plans have been determined at this time. One insider said that since September, three listed Japanese companies have suspended their plans to purchase crypto assets due to obstruction from the Japan Exchange; these companies were informed that if they pursued the purchase of crypto assets as a business strategy, their financing capabilities would be restricted. (Jin10)