BIGG Digital Assets Inc. Provides Update on Netcoins Regulatory Licensing
10 October 2023 - 11:00PM
BIGG Digital Assets Inc. (“BIGG” or the “Company”)
(CSE: BIGG; OTCQX: BBKCF; WKN:
A2PS9W), owner of Netcoins (Netcoins.ca)
(“Netcoins”), the online cryptocurrency brokerage that makes it
easy for North Americans to buy, sell, and understand
cryptocurrency, is pleased to provide an update on operations.
Netcoins
extends its Canadian registrationNetcoins Inc.
(“Netcoins” or the “firm”) is
pleased to announce that the firm’s restricted dealer registration
with Canadian securities regulators has been extended for a further
two year period. The firm’s principal regulator and the other
securities regulators in Canada approved the related exemptive
relief effective October 6, 2023. The new exemptive relief allows
Netcoins to continue to operate its existing business and also
allows it to expand its business in the future in accordance with
the relief. In accordance with the terms of the relief, Netcoins
will be engaging with Canadian securities regulators and the
Canadian Investment Regulatory Organization (CIRO) as part of its
application process to become an investment dealer and dealer
member of CIRO as the next step in Netcoins regulatory journey in
Canada.
Netcoins adds
OTC Trading in North America and makes key hireNetcoins
will now offer Over-the-counter (OTC) trading in North America. To
bolster this new line of business, Netcoins has hired Andrew Bulman
as its Head of Sales and OTC Trading for North America. Netcoins is
deeply committed to the growth of its OTC business and believes it
will be a key initiative to enhance its offering to a new client
base. You can learn more about Netcoins OTC business on our Website
https://www.netcoins.com/ca/private-wealth-otc/
“I'm thrilled to be
joining the team at Netcoins. They have an established brand in the
North American market and I am looking forward to growing the
trading products and achieving growth in additional verticals,”
said Andrew Bulman.
“Netcoins is committed
to growing its Private, Institutional and High Net Worth client
segments in North America, and we believe that Andrew will be able
to set up a strong foundation for this line of service. He has
experience with leading Crypto Trading platforms that have global
reach and we look forward to expanding our business with him, by
offering white glove services and tailored trading solutions to our
clients,” said Netcoins President, Fraser Matthews.
On behalf of the Board
Mark BinnsCEOir@biggdigitalassets.com
About BIGG Digital Assets
Inc. BIGG Digital Assets Inc. (BIGG) believes the
future of crypto is a safe, compliant, and regulated environment.
BIGG invests in products and companies to support this vision. BIGG
has three portfolio companies: Netcoins (netcoins.com), Blockchain
Intelligence Group (blockchaingroup.io), and TerraZero
(terrazero.com).
Blockchain Intelligence Group
builds technology to power compliance and intelligence for the
crypto future. Banks and crypto companies depend on our technology
to monitor risk from crypto transactions. Investigators and law
enforcement quickly identify and track illicit activity. Blockchain
Intelligence Group is trusted globally by banks, crypto companies,
law enforcement, fintechs, regtechs and governments.
Netcoins offers safe and secure
crypto trading in Canada and the USA, with a mission to make
cryptocurrency easily accessible to the mass consumer and investor
with a focus on fast, simple and transparent trading. Netcoins has
a robust product offering with Crypto Trading, Netcoins Pay
Mastercard and Netcoins Staking. Netcoins utilizes BitRank
Verified® software at the heart of its platform and facilitates
crypto trading via its cutting-edge Mobile and Web applications.
For more information please visit our website www.netcoins.com.
TerraZero Technologies Inc. is
a vertically integrated Metaverse development group and leading
Web3 technology company specializing in helping brands create
immersive experiences. TerraZero's Metaverse-agnostic vision is to
develop and implement products and services with scalable
commercial applications to flourish engagement across gamified
experiences where enterprise-level businesses, metaverse platforms,
and Web3 creators can seamlessly bridge and actionably grow their
virtual world and the physical world endeavors together as one.
TerraZero owns digital real estate for brands to establish presence
in existing virtual worlds and can also offer brands their own
private worlds to provide offices and services to those interested
in the metaverse. Furthermore, TerraZero acquires, designs, builds,
and operates virtual assets and solutions to monetize the metaverse
ecosystem. TerraZero’s businesses are segmented into five (5)
divisions which include: (1) immersive experience creation in
existing or private virtual worlds; (2) advertising; (3) data
analytics; (4) events and marketing; and (5) development of the
Intraverse. TerraZero aims to support the community, foster
innovation, and drive adoption. For more information, please visit
https://terrazero.com/ or contact hello@terrazero.com.
For more information and to register for BIGG’s
mailing list, please visit our website at
https://www.biggdigitalassets.com. Or visit SEDAR+ at
www.sedarplus.ca.
Forward-Looking Statements:
Certain statements in this release are
forward-looking statements, which include the completion of the
search technology software and other matters. Forward-looking
statements consist of statements that are not purely historical,
including any statements regarding beliefs, plans, expectations or
intentions regarding the future. Such information can generally be
identified by the use of forwarding-looking wording such as “may”,
“expect”, “estimate”, “anticipate”, “intend”, “believe” and
“continue” or the negative thereof or similar variations. Readers
are cautioned not to place undue reliance on forward-looking
statements, as there can be no assurance that the plans, intentions
or expectations upon which they are based will occur. By their
nature, forward-looking statements involve numerous assumptions,
known and unknown risks and uncertainties, both general and
specific that contribute to the possibility that the predictions,
estimates, forecasts, projections and other forward-looking
statements will not occur. These assumptions, risks and
uncertainties include, among other things, the state of the economy
in general and capital markets in particular, and other factors,
many of which are beyond the control of BIGG. Forward-looking
statements contained in this press release are expressly qualified
by this cautionary statement. Undue reliance should not be placed
on the forward-looking information because BIGG can give no
assurance that they will prove to be correct. Important factors
that could cause actual results to differ materially from BIGG’s
expectations include consumer sentiment towards BIGG’s products and
Blockchain technology generally, technology failures, competition,
and failure of counterparties to perform their contractual
obligations.
The forward-looking statements contained in this
press release are made as of the date of this press release. Except
as required by law, BIGG disclaims any intention and assumes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
Additionally, BIGG undertakes no obligation to comment on the
expectations of or statements made by, third parties in respect of
the matters discussed above.
The CSE does not accept responsibility
for the adequacy or accuracy of the content of this Press
Release.
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