The Tokyo Stock Exchange plans to strengthen regulation of companies holding Bitcoin.

PANews, November 13 news, Japan's largest securities exchange operator, Japan Exchange Group (JPX), is considering implementing stricter reviews on listed companies that shift their core business towards large-scale Crypto Assets holdings, including new auditing requirements and stricter assessments for backdoor listings. This move stems from the recent wave of losses at Japan's Digital Asset Trust (DAT) company. Taking Metaplanet, which holds over 30,000 coins of Bitcoin, as an example, its stock price has plummeted 82% from a high of $15.35 in May this year to the current $2.66. Another DAT company, Convano, also saw its stock price drop 61% from a high of $2.05 in August to $0.79. JPX's move may fill regulatory gaps and restrict companies from circumventing traditional listing requirements by shelling or transforming into companies that hold crypto assets.