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DigitalX Limited ( (AU:DCC) ) has provided an update.
DigitalX Limited responded to a query from ASX Enforcement regarding its treasury asset management operations and strategy. The company emphasized its compliance with legal requirements in the digital asset sector and clarified that its treasury strategy does not classify it as an issuer of investment products or a managed investment scheme. DigitalX maintains a conservative approach to business opportunities where legal positions are uncertain, ensuring transparency with shareholders about its strategic allocation of cash assets into digital assets like Bitcoin.
More about DigitalX Limited
DigitalX Limited operates in the digital asset sector, focusing on holding, buying, trading, and creating products around blockchains using digital assets. The company engages with legal advisors and regulatory bodies to ensure compliance with laws in various jurisdictions, particularly in Australia.
Average Trading Volume: 6,383,200
Technical Sentiment Signal: Sell
Current Market Cap: A$93.79M
For detailed information about DCC stock, go to TipRanks’ Stock Analysis page.