Tokyo exchange operator eyes crackdown on Bitcoin-holding firms after DAT rout
- EXCHANGE
Overview
The Tokyo exchange operator, JPX, is contemplating a crackdown on firms that hold Bitcoin. This decision comes in the wake of a significant downturn in the market, referred to as the DAT rout. Metaplanet’s CEO has responded to these concerns.
What Happened
The Japan Exchange Group (JPX) has expressed apprehensions regarding companies that possess Bitcoin, particularly those that have received inadequate regulatory approvals. This scrutiny follows a notable decline in the market that has raised questions about the stability and compliance of cryptocurrency firms.
In response to JPX’s concerns, Simon Gerovich, the CEO of Metaplanet, clarified that the critique directed at Bitcoin-holding firms does not pertain to his company. He emphasized that they have met necessary approvals, distinguishing themselves from those under scrutiny.
Impact on the crypto market
- Increased regulatory scrutiny on Bitcoin-holding firms may lead to heightened compliance requirements.
- Companies with poor approvals could face significant challenges in maintaining their operations.
- The market’s downturn might prompt other exchanges to evaluate their policies regarding cryptocurrency holdings.
- Firms like Metaplanet may gain a competitive advantage if they adhere to stricter regulatory standards.
- Investors may become more cautious in their dealings with Bitcoin-holding companies amid regulatory uncertainties.
Updated: 11/13/2025, 7:20:51 PM
