๐ซ๐ฐ Asian Stock Markets Hit Pause on Crypto Treasuries!
Hong Kong, India, and Australia are putting the brakes on companies trying to stash Bitcoin in their corporate coffers ๐ฆ๐ช. Bloomberg reports that HKEX blocked at least five firms from adding Bitcoin to their balance sheets โ๐ก.
๐ Why the hesitation?
Regulatory uncertainty โ๏ธ, wild crypto swings ๐๐, and investor protection worries ๐ก๏ธ are making exchanges nervous. Unlike the U.S., where giants like MicroStrategy and Tesla are stacking $BTC ๐๐, Asian regulators are playing it safe and keeping treasuries crypto-freeโฆ for now.
๐ Crypto adoption still facing headwinds
Even in crypto-friendly hubs like Hong Kong ๐, corporate finance isnโt getting the green light. Until rules are clearer and volatility tamed โก, Asian companies may have to keep their Bitcoin dreams on hold โธ๏ธ๐ช.
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