AGM Group Discloses Bitcoin Exposure Amid Regulatory Scrutiny

AGM Group Holdings Inc. (NASDAQ: AGMH) filed its annual report on Form 20-F, providing insight into its bitcoin exposure and regulatory environment in China.

The company reported that it had bitcoin exposure through a subsidiary, but did not disclose the exact amount or value of this exposure.

Regarding its operations in China, AGM Group noted that it complies with all applicable laws and regulations, including those related to foreign exchange control and tax compliance.

The company also addressed audit risks, stating that it is subject to the inspection authority of the British Virgin Islands Financial Services Commission.