Jetking IPO，比特幣持有和政策問題：印度的加密難題

Jetking Infotrain的IPO否認和Strive大膽的比特幣舉動的奇怪案例突出了印度的謹慎舞蹈，其謹慎的舞蹈是企業加密貨幣的採用以及周圍的政策真空。

The dynamics around 'Jetking IPO, Bitcoin Holdings, Policy Questions' are heating up! India's regulatory stance on crypto is under scrutiny after Jetking Infotrain's IPO hiccup, while Strive's massive Bitcoin purchase raises eyebrows.

圍繞“ Jetking IPO，比特幣持有，政策問題”的動態正在加熱！印度對加密貨幣的監管立場在噴射Infotrain的IPO打ic之後受到了審查，而Strive的大量比特幣購買引起了人們的關注。

Jetking's IPO Dreams Halted: A Sign of Crypto Reluctance?

Jetking的IPO Dreams停止了：加密貨幣不情願的標誌？

Jetking Infotrain, an IT training firm, hit a snag with its IPO application when the Bombay Stock Exchange (BSE) denied its listing. The reason? Jetking planned to invest part of its raised funds into crypto treasuries. This move by the BSE underscores India's hesitation towards digital assets within corporate balance sheets, sparking debate about the future of crypto policy.

一家IT培訓公司Jetking Infotrain在孟買證券交易所（BSE）拒絕其上市時遇到了IPO應用程序。原因？ Jetking計劃將其部分資金投資於加密貨幣。 BSE的這一舉動強調了印度對公司資產負債表中數字資產的猶豫，引發了有關加密政策未來的辯論。

The BSE's denial came as a surprise. Jetking had already received initial approval and raised ₹6.1 crore. The exchange cited the speculative nature of virtual digital assets and the lack of a clear policy as reasons for the reversal. This leaves Jetking in a tough spot, having already allocated funds to crypto based on initial regulatory signals.

BSE的否認令人驚訝。 Jetking已經獲得了初步批准，並籌集了61千萬盧比。交易所引用了虛擬數字資產的投機性質，缺乏明確的政策是逆轉的原因。這使Jetking在一個艱難的位置，已經根據初始監管信號分配了資金將資金分配給加密貨幣。

Investor Confidence Takes a Hit

投資者的信心受到打擊

The denial rattled investor sentiment, causing Jetking Infotrain's stock to drop nearly 10% in just five days. The company is considering legal action, but the outcome may hinge on the government's evolving stance on corporate crypto exposure. This situation highlights the uncertainty companies face when navigating India's ambiguous crypto landscape.

否認的投資者情緒令人震驚，導致Infotrain的股票在短短五天內下降了近10％。該公司正在考慮法律行動，但結果可能取決於政府對公司加密貨幣的不斷發展的立場。這種情況凸顯了公司在印度模棱兩可的加密景觀時所面臨的不確定性。

India's Policy Vacuum: A Balancing Act

印度的政策真空：平衡法

India finds itself in a paradoxical situation. It leads the world in retail crypto adoption, yet regulators are wary of allowing corporations to hold crypto as treasury assets. This caution stems from regulatory uncertainty, market volatility, past crypto scandals, and concerns about systemic risk. The Reserve Bank of India (RBI) has consistently warned about the potential dangers of unregulated crypto exposure.

印度發現自己處於一種矛盾的境地。它領導著世界採用零售加密貨幣，但監管機構謹慎允許公司將加密貨幣作為國庫資產。這種警告源於監管不確定性，市場波動，過去的加密醜聞以及對系統性風險的擔憂。印度儲備銀行（RBI）一直警告說，加密貨幣不受監管的潛在危險。

Global Comparisons: India's Cautious Approach

全球比較：印度的謹慎方法

India's approach contrasts sharply with other markets. In the United States, major corporations have integrated crypto holdings into their financial strategies, despite ongoing debates with the SEC. Even El Salvador encourages companies to integrate crypto into their balance sheets. The BSE's denial sends a message that Indian firms may face barriers to innovation without regulatory clarity.

印度的方法與其他市場形成鮮明對比。在美國，儘管與美國證券交易委員會（SEC）進行了持續的辯論，但主要公司已將加密貨幣持有納入其財務戰略。甚至El Salvador也鼓勵公司將加密貨幣集成到資產負債表中。 BSE的否認傳達了一個信息，即印度公司可能在沒有監管清晰的情況下面臨創新的障礙。

Strive's Bold Bitcoin Bet: A Contrasting Move

Strive的大膽比特幣下注：對比的舉動

While Jetking faces regulatory hurdles, Strive (ASST) announced it would acquire Semler Scientific (SMLR) in an all-stock deal and that it had purchased 5,816 Bitcoin (BTC) for its corporate treasury at an average price of $116,047 per coin, totaling roughly $675 million. The combined company aims to become the fastest-growing corporate Bitcoin holder, employing a "preferred equity only" leverage model to avoid debt maturity risks.

雖然Jetking面臨監管障礙，但Strive（ASST）宣布將以全股票交易獲得Semler Scientific（SMLR），並且該公司的公司財政部以平均價格購買了5,816個比特幣（BTC），平均價格為116,047美元，總計每幣，總計6.755億美元。合併後的公司旨在成為增長最快的公司比特幣持有人，採用“僅優先股權”槓桿模型來避免債務成熟度風險。

The Road Ahead: Clarity Needed

前面的道路：需要清晰

Jetking Infotrain's immediate challenge is to secure its listing, possibly by restructuring its treasury strategy. For India, this episode underscores the need for a comprehensive framework governing corporate crypto exposure. Clear guidelines are crucial to allow companies to responsibly integrate crypto into their balance sheets. Distinguishing between speculative trading and strategic treasury diversification is key.

JetKing Infotrain的直接挑戰是通過重組其財政部策略來確保其上市。對於印度來說，這一集強調了對企業加密貨幣曝光的全面框架的需求。明確的準則對於允許公司負責任地將加密貨幣整合到資產負債表中至關重要。區分投機性交易和戰略國庫多元化是關鍵。

My Two Satoshis

我的兩個satoshis

India's crypto policy is like a Bollywood dance – a lot of fancy footwork, but are we really moving forward? The Jetking situation feels like a regulatory cold shoulder, while Strive's Bitcoin splurge is like that one friend who always goes all-in. It's time for India to decide if it wants to be a crypto wallflower or join the digital asset party. But hey, at least the drama keeps things interesting!

印度的加密政策就像是寶萊塢舞蹈 - 很多花哨的步法，但是我們真的在前進嗎？噴氣機的情況感覺就像是監管性的冷肩，而Strive的比特幣揮霍就像一個總是全力以赴的朋友。現在是時候決定要成為加密壁花還是加入數字資產派對了。但是，嘿，至少這些戲劇使事情變得有趣！

Until India introduces a clear regulatory stance, public firms may have to place such ambitions on hold. For now, the gap between global corporate adoption and India’s cautious approach remains wide—and the future of crypto treasuries in the country hangs in uncertainty.

在印度引入明確的監管立場之前，公共公司可能不得不擱置此類野心。目前，全球企業收養與印度謹慎的方法之間的差距仍然很廣泛，而該國加密紀念公司的未來卻陷入了不確定性。