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Crypto Trends

Indian Stock Exchange Rejects Crypto Treasury Company Listing

by admin September 28, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Bombay Stock Exchange (BSE) in India has reportedly rejected the public listing of Jetking Infotrain, an IT training company, on the grounds of intended capital use for crypto investment. This decision comes amid a flurry of digital asset treasury companies worldwide.

Crypto Investments Not Suitable For Publicly Raised Capital: BSE

In a report by local Indian media, Economic Times, the BSE barred Jetking Infotrain from publicly listing its shares, citing the exchange’s investment policy around cryptocurrency. On May 9, 2025, Jetking received an in-principle approval from the BSE to raise funds via a share issue. 14 days later, the company’s board approved the issuance of 396,000+ shares, raising over ₹6 crore, i.e $720,000. 

In its application with the BSE, Jetking stated the new capital would be targeted towards general corporate uses, education and skill development, and investments in virtual digital assets (VDAs). However, a significant ₹3.96 crore ($475,000), i.e, 60% of the raised funds, was targeted at crypto investments. 

It is worth noting that Jeking currently has some digital assets on its balance sheets, as Indian companies are allowed to invest in cryptocurrencies similar to mutual funds, securities, etc. However, the BSE has strongly opted against raising public capital for this purpose, as indicated by its rejection of Jetking’s listing.

A statement from a BSE spokesperson read:

We had processed the application in the normal course as per extant norms. Final approval was kept on hold to take up the issue of fund raise for investment in VDA at the policy level with the Regulator. Subsequently, as per the revised norms, a decision was taken to reject the application.

The BSE is considered the oldest Asian exchange and the second largest in India by trading volume after the National Stock Exchange of India. Notably, the recent BSE’s decision in rejecting Jetking’s public listing is likely to threaten the rise of crypto treasury companies in India. 

By virtue of their operations, crypto treasury firms such as Strategy in the US, Next Technology Holding in China, leverage their status as publicly listed companies to access capital markets, raising funds through equity or debt offerings that are subsequently deployed into digital assets.

Jetking To Appeal BSE Rejection?

Following this development, Jetking Co-Managing Director and Chief Financial Officer Siddharth Bharwani has stated the company is considering all appropriate responses to the BSE’s decision, including a potential appeal at the Securities Appellate Tribunal. 

Notably, cryptocurrencies are not illegal investments in India but are considered intangible assets in that they are not securities or legal tender. 

Total crypto market cap valued at $3.72 trillion on the daily chart | Source: TOTAL chart on Tradingview.com

Featured image from Flickr, chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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September 28, 2025 0 comments
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Japanese horse jockey academy rejects all applicants for first time in 40 years due to weight

by admin September 4, 2025



A horse jockey training academy in Japan has rejected all of its applicants for the first time in 40 years, partly due to concerns over the hopeful riders’ weight.

The Japan Racing Association, founded in 1982, trains up-and-coming horse jockeys in the ways of riding, safely handling their animals, and the legalities of horse racing in a rigorous three-year program.

In fact, the JRA is so strict that in 2023, only seven out of 192 total applicants were accepted into its training course.

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These candidates will not be making their debut in 2025, though; four of the seven trainees dropped out of the program, and the remaining three riders were deemed unfit to race this year.

In fact, all three of these applicants must repeat a year, meaning that the earliest they’ll be able to grace the track will be sometime in 2026.

Unsplash.com: Philippe OurselThe Japan Riding Association has rejected all its applicants for their 2025 debut for the first time in 40 years.

The Japan Racing Association disclosed this information in a public statement in September 2025 — and while they didn’t acknowledge any specific reason as to why no new racers were debuting this year, they did mention three big issues.

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JRA cites weight concerns after rejecting all applicants’ 2025 debut

First, the JRA cited concerns over the trainees’ weights. In the sport of horseracing, jockeys must maintain a slim physique to protect the health of their horse, as well as ensure fair competition. Essentially, if one horse is carrying too much weight, it’s likely that they’ll fall behind the rest of the riders.

The JRA said that its remaining applicants struggled to meet the necessary race requirements to make their debut this year. In Japan, male jockeys must weigh in at 52-54 kg (114 – 119 lbs). Female racers must weigh even less.

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The same is true in other countries. For example, in the United States, riders who want to compete in the famous Kentucky Derby must weigh in below 126 lbs.

Unsplash.com: Jeff GriffithHorse jockeys must maintain a low weight to both protect the health of their horse and maintain the integrity of the competition.

Another concern cited by the JRA was the unauthorized use of smartphones. The Association is quite strict about the use of communications devices, partly to help trainees focus on the course and partly to avoid leaking any sensitive information that could compromise a race’s outcome.

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As reported by Japanese news outlet SoraNews24, the night before a race, jockeys are prohibited from using communications devices past 9 PM until their race is finished, and must spend the night in a JRA dormitory.

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Unfortunately for hopeful riders, this means no playing Umamusume before hitting the racetrack. Instead, they’ve got to focus on their real-life animals or risk getting drop-kicked out of the JRA, Gold Ship-style.



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September 4, 2025 0 comments
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Crypto Trends

Google Keeps Chrome as Judge Rejects Breakup: Here’s Why It Matters

by admin September 3, 2025



In brief

  • The ruling lets Google keep Chrome while imposing limits on exclusivity and new data-sharing obligations.
  • Google relied on default agreements and preferential treatment that reinforced its dominance in search, the DOJ said.
  • Analysts say the remedies are less drastic but still leave Google’s core moat intact.

A U.S. federal judge declined to force Google to sell its Chrome web browser in a landmark antitrust case on Tuesday, instead imposing remedies aimed at loosening the tech giant’s grip on online search and advertising.

Handed down by Judge Amit Mehta in Washington on Tuesday, the ruling allows Google to retain its browser while prohibiting it from entering exclusive contracts for its product suite across Search, Chrome, Google Assistant, and its Gemini AI app.

“For years, Google accounted for approximately 90 percent of all search queries in the U.S., and Google used anticompetitive tactics to maintain and extend its monopolies in search and search advertising,” the U.S. Department of Justice wrote in a statement.



Google entered into “a series of exclusionary agreements” that “locked up” how ordinary users accessed and searched online, with the company requiring itself to be the “preset default general search engine on billions of mobile devices and computers,” the DOJ wrote.

The tech company used its stature to buy “preferential treatment” for its search engine and created a “self-reinforcing cycle of monopolization,” the department added.

Judge Mehta’s order specifically requires Google to share portions of its search index and user-interaction data with qualified competitors and to offer syndication of search and text ads, according to multiple reports, though a copy of the order has not surfaced at the time of writing.

Decrypt has reached out to Google for comment.

Still in play

The case began in 2020 and was joined by nearly every U.S. state and territory. In 2024, the court ruled that Google unlawfully monopolized search in violation of the Sherman Act, which deters companies from monopolizing markets or conspiring to restrict competition.

The ruling comes as Google builds its own layer-1 blockchain and faces rising competition from AI-enabled browsers developed by companies such as Perplexity and OpenAI.

Analysts note that while the remedies impose new obligations, Google’s stature in the tech industry may prove more resilient to dislodgement.

While Google’s Chrome browser retains “its distribution advantage and ecosystem integration,” data sharing could “enable competitors to build better targeting features,” Ryan Yoon, senior analyst at Tiger Research, told Decrypt. 

Still, Google’s “core moat” in search and vertical integration “remains intact” to an extent where “meaningful market share shifts seem unlikely,” Yoon added.

Google’s broader moves into crypto and AI suggest it is positioning for regulated, enterprise-focused infrastructure where “compliance matters more than decentralization,” while betting on “superior data integration” against its AI browser competitors, even if those “could erode their search monopoly,” Yoon said.

‘Less drastic remedies’

Tuesday’s ruling shows “an enormous shift that finally has us leaning favorably towards market “unblocking” rather than interventionist asset splitting,” Andrew Rossow, a public affairs attorney and CEO of AR Media Consulting, told Decrypt.

The case also offers “a more realistic litigation and negotiation strategy,” Rossow said, citing similar ongoing anti-trust considerations from big companies like Meta and Amazon.

Such a strategy points to how the law could offer “less drastic remedies” if “large tech platform providers” can be “reformed through contract and data access regulation,” he added. 

“Our judiciary must adapt to technology’s unpredictability, rather than attempt to dictate the next market winner,” Rossow opined.

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September 3, 2025 0 comments
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