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>>Hong Kong’s regulator ramps up oversight of crypto treasuries and prepares a public awareness campaign.

Hong Kong’s regulator ramps up oversight of crypto treasuries and prepares a public awareness campaign.

crypthub

about 15 hours ago

Regulatory Scrutiny

The SFC is tightening oversight of listed firms that use digital asset treasuries (DAT). It tracks how companies employ crypto to manage cash or shift to a digital‑asset core. The regulator worries DAT‑linked share prices may trade at premiums far above holding costs. US examples have shown such premiums can be very high, raising investor risk.

Investor Risks and Global Context

Retail investors may not fully understand DAT hazards, prompting a public education push. HKEX has delayed applications from five firms seeking DAT‑focused models, citing liquid‑asset limits. Similar resistance appears in India, Australia and the US, where token‑heavy balance sheets raise valuation concerns. Regulators fear inflated market caps, blurred disclosures and amplified market swings.

Future Regulatory Direction

Hong Kong aims to separate regulated market infrastructure from speculative token reliance. Future rules will tighten DAT disclosure standards and cap excessive holdings. The SFC will keep monitoring DAT developments to safeguard market stability.