DigitalX, listed on the Australian Securities Alternate (ASX), has pushed again towards claims that one among its administrators might have damaged buying and selling guidelines.
The corporate stated it adopted its inner insurance policies after the ASX raised considerations about current share purchases by Ieva Guoga and her enterprise ties together with her father, Antanas “Tony G” Guoga.
In line with an August 11 report from The Australian Monetary Overview, the ASX is wanting into whether or not Ieva Guoga purchased 3 million shares simply earlier than a Could 29 announcement.
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DigitalX had made an $11.6 million funding in Solana
$178.39
tokens. The trade additionally needs particulars about any associated transactions involving her father.
The corporate defined that its coverage outlines particular time durations when administrators should buy or promote shares. Earlier than making a commerce, they have to get approval from senior workers.
These guidelines are supposed to forestall trades from occurring whereas the corporate holds info that would impression its share value and hasn’t but shared it with the general public.
Antanas Guoga owns about 15% of DigitalX. He’s additionally the chairman of SOL Methods, a Canadian firm that just lately signed a 12-month deal to offer Solana staking companies to DigitalX. This enterprise relationship has added to considerations about attainable conflicts of curiosity.
To deal with the problem extra formally, DigitalX plans to carry a shareholder vote on September 5.
Just lately, Paxos agreed to pay $48.5 million to settle with New York’s monetary regulator. What occurred? Learn the total story.
