"Nasdaq strengthens oversight of crypto-investing firms…delisting also under consideration"
Summary
- Nasdaq said it is tightening scrutiny of listed companies that have adopted Bitcoin and other cryptocurrency financial strategies.
- Nasdaq requires shareholder approval for large investments in cryptocurrencies and said it will consider delisting for noncompliance with regulations.
- The Information said such measures could slow the rate at which altcoins enter mainstream markets.
U.S. Nasdaq is tightening scrutiny of listed companies that have adopted cryptocurrency financial strategies such as Bitcoin (BTC).
According to U.S. IT outlet The Information on the 4th (local time), Nasdaq has recently been strengthening oversight of listed companies that hold large amounts of cryptocurrencies. Specifically, companies that have adopted cryptocurrency financial strategies that hold Bitcoin, Ethereum, etc. have come under enhanced review. Nasdaq is reported to have required some companies to obtain shareholder approval before undertaking large investments in cryptocurrencies through capital increases and the like.
Nasdaq is also considering delisting companies under review if they fail to comply with regulations. The Information said, "(Nasdaq's measures) could slow the pace at which altcoins enter mainstream markets."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
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