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Asian stock exchanges are tightening rules against crypto treasury firms, making it difficult for listed companies to hold reserves on their balance sheets. Despite stricter oversight, over 130 listed companies in Asia now hold Bitcoin as part of their reserves. Crypto treasury strategies are hitting roadblocks across Asia, with Hong Kong Exchanges & Clearing Limited blocking five companies from shifting their business models to hold crypto reserves. The clampdown follows a sharp drop in DAT-related purchases and stock prices.

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