Mark Binns reports
BIGG DIGITAL ASSETS INC. SUBSIDIARY NETCOINS HAS BEEN REGISTERED AS A RESTRICTED DEALER IN CANADA; NETCOINS BECOMES THE FIRST PUBLICLY OWNED CRYPTO TRADING PLATFORM IN CANADA TO BE REGISTERED TO TRADE CRYPTO CONTRACTS
Bigg Digital Assets Inc.'s wholly owned subsidiary, Netcoins Inc., has been registered as a restricted dealer in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Prince Edward Island and Nova Scotia. Netcoins also anticipates registration in Newfoundland within the week.
The British Columbia Securities Commission order can be found under
2021 BCSECCOM 383.
Bigg continues to be at the forefront of regulation in the Canadian crypto space and, notably, is the first publicly traded company in the country to own and operate a registered crypto trading platform. This marks a significant milestone for Bigg, Netcoins and the crypto trading industry, with a new regulatory regime for an emerging industry that is growing exponentially.
Netcoins is now one of the first crypto trading platforms (CTPs) to be registered as a restricted dealer in Canada, which will provide a distinct early-mover advantage as the industry continues to mature and evolve into a regulated framework. Under this framework, Netcoins will continue to operate and market to new customers across Canada, including Ontario. Netcoins anticipates an exciting Q4 2021 as it continues to grow the platform through:
The addition of new coins;
- The launch of Netcoins Pay and other new products;
- Expansion into the United States;
- Expanding advertising campaigns to new channels to reach new audiences.
Bigg chief executive officer Mark Binns commented: "This is a great day for crypto in Canada. After a lengthy process, we are thrilled that Netcoins has been registered as a restricted dealer in Canada. This marks a first for a public company in Canada and sets Netcoins up for a bright future. This registration will enable Netcoins to expand advertising to channels not available to unlicensed competitors, expand coin offerings, open up new partnerships, and will attract retail and institutional customers seeking a licensed and regulated trading platform. We also believe regulation will shrink the competitive playing field in Canada as non-compliant companies are forced out of the market. We look forward to updating shareholders with more news in the coming weeks."
About Bigg Digital Assets Inc.
Bigg Digital Assets Inc. believes the future of crypto is a safe, compliant and regulated environment. Bigg invests in products and companies to support this vision. Bigg owns two operating companies: Netcoins and Blockchain Intelligence Group.
Netcoins develops brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety. Netcoins utilizes BitRank Verified software at the heart of its platform and facilitates crypto trading through a self-serve crypto brokerage portal at
the Netcoins website.
Blockchain Intelligence Group (BIG) has developed a blockchain-agnostic search and analytics engine, Qlue, enabling law enforcement, regtech, regulators and government agencies to visually track, trace and monitor cryptocurrency transactions at a forensic level. The company's commercial product, BitRank Verified, offers a risk score for cryptocurrencies, enabling regtech, banks, ATMs (automated teller machines), exchanges and retailers to meet traditional regulatory/compliance requirements.
We seek Safe Harbor.
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