Japan Exchange Group: Japan Exchange Research institutes prevents listed companies from hoarding cryptocurrencies

Golden Finance reports that on April 5, according to Nikkei News, Japan Exchange Group announced on April 3 that companies whose holdings of cryptocurrencies account for more than 50% of their assets will no longer be newly included in indices such as the Tokyo Stock Price Index (TOPIX). Existing constituent stocks will not be affected. Japan Exchange Group launched a public comment solicitation on the same day and plans to formally implement it around this autumn. Japan Exchange Group said the move is mainly intended to take into account the potential impact that volatility in crypto asset prices may have on share prices and the stability of indices.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin