operational – WWW.BLOCKCAST.CC

VANCOUVER, British Columbia, Feb. 22, 2021 (GLOBE NEWSWIRE) — BIGG Digital Assets Inc. (“BIGG” or the “Company”)(CSE: BIGG; OTCQB: BBKCF; WKN: A2PS9W), owner of Netcoins (Netcoins.ca) (“Netcoins”), the online cryptocurrency brokerage that makes it easy for Canadians to buy, sell, and understand cryptocurrency, and owner of Blockchain Intelligence Group (“BIG”), a leading developer of Blockchain technology search, risk-scoring and data analytics solutions, is pleased to announce that it has acquired 60.7 additional Bitcoins which will be used for the Netcoins operational float, and also become part of BIGG’s long term treasury holdings. BIGG purchased these 60.7 Bitcoins at an average cost of USD$44,970 per BTC.

This purchase, added to BIGG’s existing Bitcoin holdings, brings the treasury to 300 Bitcoin, valued at CAD ~$21.5 million (USD ~$17.1 million) as of 7pm PST February 21, 2021. BIGG believes strongly in the future of Bitcoin, its store of value capability, and its future valuation potential.

BIGG CEO, Mark Binns, remarks, “As previously committed, BIGG has continued to accumulate Bitcoin in order to provide an operational float for Netcoins which continues to experience significant monthly increases in trading volume. We will also put BIGG’s operational profits into Bitcoin on a monthly basis going forward, as per plan. We look forward to updating shareholders with more operational updates soon.”

On behalf of the Board

Mark Binns
CEO
mark@biggdigitalassets.com
T:+1.844.515.2646

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 owns two operating companies: Netcoins (netcoins.ca) and Blockchain Intelligence Group (blockchaingroup.io).

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 via a self-serve crypto brokerage portal at Netcoins.app.

Blockchain Intelligence Group (BIG) has developed a Blockchain-agnostic search and analytics engine, QLUE^TM, enabling Law Enforcement, RegTech, Regulators and Government Agencies to visually track, trace and monitor cryptocurrency transactions at a forensic level. Our commercial product, BitRank Verified^®, offers a “risk score” for cryptocurrencies, enabling RegTech, banks, ATMs, exchanges, and retailers to meet traditional regulatory/compliance requirements.

For more information and to register to BIGG’s mailing list, please visit our website at https://www.biggdigitalassets.com. Or visit SEDAR at www.sedar.com.

Forward-Looking Statements:
Certain statements in this release are forward-looking statements, which include 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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Archax and Gemini are now fully registered to provide crypto-related services in the UK.
The two have met the UK’s Anti-Money Laundering (AML) and Terrorist Financing (CTF) regulations.
FCA has emphasised that businesses should register with the watchdog by 10 January 2021 to avoid being banned.

UK-based digital security exchange, Archax, and Gemini, belonging to the Winklevoss twins, are now licensed to operate in the country which has been confirmed through the UK’s Financial Conduct Authority (FCA) website.

Additionally, the FCA has warned unregistered crypto businesses to register with the agency as soon as possible. Otherwise, they will be banned after 10 January 2021.

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Archax FCA approval

Archax that was the first to receive the license on 18 August 2020 is the first-ever regulated digital securities custodian in the UK. Archax also disclosed in a blog post that the platform had also received crypto-asset registration from the FCA, making it a legit Virtual Asset Service Provider (VASP).

While commenting on the milestone, David Lester, a non-executive director at Archax stated,

‘’Blockchain and tokenisation are innovations that can empower more frictionless and transparent markets which, combined with an FCA regulated exchange like Archax, can deliver what capital providers, business leaders, and founders now really need. ‘’

Graham Rodford, the CEO of Archax, added,

“We have been talking to the FCA for a while and the application process has been a tough journey, but we are pleased to have now achieved our first significant milestone as we prepare to launch the UK’s first FCA regulated digital securities exchange later this year.

Gemini is also approved

A day after Archax received its license, Gemini UK also appeared on the watchdog’s website on 19 August 2020. The crypto exchange is a branch of Gemini Europe Limited, which is owned by the famous crypto twins, Cameron and Tyler Winklevoss. The two shot to fame when they became the ‘first self-made Bitcoin billionaires’ during the 2017/2018 bull run.

FCA crypto regulation in the UK

The UK financial watchdog had given crypto operators in the country up to 30 June to submit applications detailing how they would comply with the country’s new requirements. The watchdog called for applications following the release of a consultation paper to the public in January, which gave guidance on the operation of crypto companies in the country. FCA is UK’s official supervisor of anti-money laundering and counter-terrorist financing.

UK’s booming crypto scene

There’s growing crypto-related activities in the UK, and the government is keen to regulate the industry. The Bank of England is already working on developing a Central Bank Digital Currency (CBDC) that will help with financial traceability and audit in the country. The UK is encouraging the development of DLT applications that will help solve various challenges in the country.