PANews reported on September 24th that according to PR Newswire, Chinese auto dealer Jiuzi New Energy (NASDAQ: JZXN) announced that its board of directors has formally approved and adopted a cryptoasset investment policy. This policy authorizes the company to allocate a portion of its cash reserves to specific cryptoassets within a prudent risk management framework. The policy's core framework includes: 1. Clear investment authorization and ceiling: The board has authorized the company to deploy up to $1 billion to purchase cryptoassets, ensuring controlled risk exposure. 2. Strict asset selection criteria: Initially, investments will be limited to BTC, ETH, and BNB. Any future expansion plans to include other assets will require reassessment and approval by the board's risk committee. 3. Highest level of custody standards: The company will not hold custody of acquired cryptoassets. 4. Professional oversight and governance structure: A "Cryptoasset Risk Committee" will be established to oversee the implementation of various policies and report regularly to the board.PANews reported on September 24th that according to PR Newswire, Chinese auto dealer Jiuzi New Energy (NASDAQ: JZXN) announced that its board of directors has formally approved and adopted a cryptoasset investment policy. This policy authorizes the company to allocate a portion of its cash reserves to specific cryptoassets within a prudent risk management framework. The policy's core framework includes: 1. Clear investment authorization and ceiling: The board has authorized the company to deploy up to $1 billion to purchase cryptoassets, ensuring controlled risk exposure. 2. Strict asset selection criteria: Initially, investments will be limited to BTC, ETH, and BNB. Any future expansion plans to include other assets will require reassessment and approval by the board's risk committee. 3. Highest level of custody standards: The company will not hold custody of acquired cryptoassets. 4. Professional oversight and governance structure: A "Cryptoasset Risk Committee" will be established to oversee the implementation of various policies and report regularly to the board.
Jiuzi New Energy's board of directors approved an investment policy of deploying up to $1 billion to purchase crypto assets
PANews reported on September 24th that according to PR Newswire, Chinese auto dealer Jiuzi New Energy (NASDAQ: JZXN) announced that its board of directors has formally approved and adopted a cryptoasset investment policy. This policy authorizes the company to allocate a portion of its cash reserves to specific cryptoassets within a prudent risk management framework. The policy's core framework includes: 1. Clear investment authorization and ceiling: The board has authorized the company to deploy up to $1 billion to purchase cryptoassets, ensuring controlled risk exposure. 2. Strict asset selection criteria: Initially, investments will be limited to BTC, ETH, and BNB. Any future expansion plans to include other assets will require reassessment and approval by the board's risk committee. 3. Highest level of custody standards: The company will not hold custody of acquired cryptoassets. 4. Professional oversight and governance structure: A "Cryptoasset Risk Committee" will be established to oversee the implementation of various policies and report regularly to the board.
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