PANews reported on October 22nd that, according to Bloomberg, Hong Kong Exchanges & Clearing Ltd. recently rejected at least five companies' attempts to convert to digital asset treasuries ( DATs ), restricting large liquidity holdings under "cash company" regulations. India's Bombay Stock Exchange rejected Jetking Infotrain 's share placement application. Australia's ASX required companies converting to digital asset treasuries to adopt an ETF path and limit cash holdings to 50% or more . Japan is a regional outlier. While the Japan Exchange Group allows listed companies to disclose Bitcoin purchases, MSCI has proposed removing DATs holding 50% or more of crypto assets from its global indexes, potentially impacting companies like Metaplanet . Bitcoin has risen 18% this year, while DAT stock prices have generally retreated since the summer.PANews reported on October 22nd that, according to Bloomberg, Hong Kong Exchanges & Clearing Ltd. recently rejected at least five companies' attempts to convert to digital asset treasuries ( DATs ), restricting large liquidity holdings under "cash company" regulations. India's Bombay Stock Exchange rejected Jetking Infotrain 's share placement application. Australia's ASX required companies converting to digital asset treasuries to adopt an ETF path and limit cash holdings to 50% or more . Japan is a regional outlier. While the Japan Exchange Group allows listed companies to disclose Bitcoin purchases, MSCI has proposed removing DATs holding 50% or more of crypto assets from its global indexes, potentially impacting companies like Metaplanet . Bitcoin has risen 18% this year, while DAT stock prices have generally retreated since the summer.