Asia’s Largest Stock Exchange is Honestly ‘Troubled’ by a Cryptocurrency Firm

The planned acquisition of a Tokyo Stock Exchange-listed company by a Hong Kong-based cryptocurrency firm is reportedly raising concerns within the bourse.

The Tokyo Stock Exchange (TSE) is receptive, even welcoming, to foreign firms entering the Japanese market – unless they’re a cryptocurrency firm.

According to the Nikkei on Sunday, the exchange operator is evidently sweating over the prospective takeover of Beat Holdings, a company listed on its bourse by Noah Ark Technologies, a Hong Kong company reportedly looking at launching cryptocurrency exchanges in Japan and other jurisdictions alongside plans for an ICO launch.

As a shareholder of the TSE-listed company, Noah Ark had previously proposed Beat Holdings to change its name to include the latter’s token cryptocurrency ‘Noah Coin’ in June, according to the report.

Further, Noah Ark also proposed that the company issue new shares and open up its acquisition rights to enable the latter gain 50% voting rights in…