BIGG Digital Assets Provides Corporate Update Highlighting Material CRA Reassessment, Netcoins Milestones, and Strategic Progress
Globenewswire·2025-12-17 11:00

Core Insights - BIGG Digital Assets Inc. provides a corporate update highlighting regulatory, operational, and strategic milestones across its organization [1] Regulatory Update - The Company has received a notice of reassessment from the Canada Revenue Agency (CRA) that reduces the GST/HST assessed on Netcoins' 2018 cryptocurrency transactions by $3,864,681, which is a 64% reduction from the original amount of $6,071,388 [4] - The revised GST/HST principal now stands at $2,206,707, and the total amount owing, including interest and penalties, is now $3,228,842, down from $8,871,854, marking a decrease of $5,643,012 [5] - This reassessment significantly reduces a contingent liability and improves the Company's financial position as it advances its 2026 Canadian Investment Regulatory Organization (CIRO) membership application [5] Operational Milestones - Netcoins has surpassed $1.0 billion in cumulative transaction volume in 2025, exceeding the full-year 2024 volume of $785 million, indicating continued user growth and increased engagement [15] - Netcoins has joined the BitGo Go Network, which enables free, instant settlement of USD and digital currencies, enhancing its institutional settlement capabilities [12] - The Company has launched a dedicated in-app crypto lending page, providing users access to APX Lending's BTC and ETH loan platform, with full platform integration expected in the first half of 2026 [14] Strategic Developments - Blockchain Intelligence Group continues to provide blockchain analytics and forensic investigation solutions to government agencies and enterprises, focusing on compliance and transparency in the digital asset ecosystem [17] - TerraZero Technologies has enhanced its Intraverse technology stack, reduced operating expenses, and is prioritizing high-impact partnerships to drive commercial contracts and real-world deployments [18][20] - The Company is advancing a licensing strategy for its technology stack to unlock additional monetization pathways, positioning itself for broader revenue streams heading into 2026 [20]