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NASDAQ Plans to Tighten Regulation on Cryptocurrency Companies: New Stock Issuance for Coin Purchase May Require Shareholder Approval

Summary: According to Crowdfund Insider, NASDAQ is planning to strengthen regulation on listed companies that boost their stock prices by issuing new shares to purchase cryptocurrency assets. In the future, some companies may need to obtain shareholder approval before engaging in coin financing. As the SEC in the United States has reduced direct intervention in related ...

According to Crowdfund Insider, NASDAQ is planning to strengthen regulation on listed companies that boost their stock prices by issuing new shares to purchase cryptocurrency assets. In the future, some companies may need to obtain shareholder approval before engaging in coin financing. As the SEC in the United States has reduced direct intervention in related transactions, exchanges are acting as gatekeepers through their own listing rules, requiring increased transparency and accountability to prevent fluctuations and shareholder dilution risks caused by holding large amounts of coins.

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Link: NASDAQ Plans to Tighten Regulation on Cryptocurrency Companies: New Stock Issuance for Coin Purchase May Require Shareholder Approval [Copy]

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