BIGG Digital Assets Announces Extension of Netcoins Exemptive Relief to Operate a Crypto Trading Platform

Core Viewpoint - BIGG Digital Assets Inc. announced that its subsidiary Netcoins has received a two-year extension for exemptive relief from the British Columbia Securities Commission, allowing it to continue operating a crypto trading platform in Canada [1][2]. Group 1: Company Developments - Netcoins has a growing customer base and consistent trading activity, maintaining a balance sheet that meets regulatory capital requirements [2]. - The extension of the exemptive relief positions Netcoins to apply for registration as an investment dealer and CIRO dealer member by June 1, 2026 [2][5]. - The CEO of Netcoins expressed excitement about the extension, emphasizing the company's commitment to compliance and transparency in the crypto trading space [3]. Group 2: Regulatory Compliance - Netcoins must comply with specific conditions outlined in the decision document, including achieving a positive risk-adjusted capital calculation by January 31, 2026, and submitting a complete CIRO membership application by June 1, 2026 [3][4]. - Failure to meet these milestones may result in operational restrictions, including a potential wind-down of operations in Ontario [3]. Group 3: Future Outlook - The company is committed to actively working towards submitting the CIRO membership application and believes that management will meet the required milestones [5].