The three major stock exchanges in Asia Pacific, including the Hong Kong Stock Exchange (HKEX), are resisting the trend of listed companies adopting cryptocurrency storage as a core business. In recent months, the HKEX has questioned the strategic plans of at least five companies to transform into direct access controlled (DAT) companies, citing violations of regulations prohibiting the holding of large amounts of liquid assets. Indian and Australian exchanges have also adopted a similar stance, creating greater obstacles for listed companies to transform into direct access controlled (DAT) companies. (Bloomberg)