Japan’s Bitcoin Crackdown: Metaplanet Says It’s Different From the

 Japan’s Bitcoin Crackdown: Metaplanet Says It’s Different From the “Backdoor” Crowd

Japan Exchange Group considers tighter listing rules for crypto treasury companies after steep stock losses sparked investor protection concerns, while Metaplanet defends its governance practices.

Japan Exchange Group is exploring measures to limit listed digital-asset treasury companies, citing investor protection concerns as crypto-hoarding stocks suffer steep losses.

Tokyo Stock Exchange operator JPX is considering stricter backdoor listing rules and fresh audit requirements for firms pivoting to cryptocurrency accumulation, according to people familiar with the matter who spoke to bloomberg.

Three listed Japanese companies have shelved plans to buy cryptocurrencies since September, after the JPX warned that their fundraising abilities would be restricted if they pursued crypto strategies.

The bourse does not currently have blanket regulations against corporate crypto accumulation but is “monitoring companies that raise concerns from a risk and governance perspective, with a view to protecting shareholders and investors,” a JPX representative wrote in an email to Bloomberg.

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