Hong Kong's SFC Tightens Oversight of Digital Asset Treasuries
Hong Kong's Securities and Futures Commission (SFC) has intensified its scrutiny of listed firms with digital asset treasuries (DATs) after retail investors may have lost $17B due to inflated valuations and weak governance.
The regulator is concerned that share prices of some companies may be trading above the value of their crypto holdings, raising questions about investor protection and market transparency.
The regulator is closely monitoring how listed firms manage their crypto assets, as some share prices may not reflect the true value of their holdings - Kelvin Wong Tin-yau, SFC chairman.
This move comes amid growing global unease over corporate exposure to digital assets, with regulators in Hong Kong, India, and Australia tightening oversight of firms integrating crypto into their balance sheets.
Author's summary: Hong Kong's SFC reviews digital asset treasuries amid investor losses.
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