VANCOUVER, British Columbia, Dec. 04, 2019 (GLOBE NEWSWIRE) -- BIGG Digital Assets Inc. ("BIGG" or the "Company")(CSE: BIGG; OTCQB:BBKCF; WKN: A2PS9W), owner of Netcoins Inc. (“Netcoins”)(Netcoins.app), today announced that Mr. Ben Samaroo has joined Netcoins as its Regulatory Consultant and Advisor.
Mr. Samaroo will work directly with Mr. Demeter, Netcoins’ President, and legal counsel on the ongoing application(s) and processes to become one of the first regulated crypto brokerages and/or exchanges in Canada.
Mr. Samaroo is an executive and regulatory consultant with broad experience in managing corporate finance, risk and compliance on behalf of Fintech companies. He previously served as General Counsel and Chief Compliance Officer for First Coin Capital, a Vancouver-based company which was acquired by Galaxy Digital in July 2018 in connection with its public listing and $305 million capital raise. Mr. Samaroo has also served in various capacities for investment funds and exchanges, and has been involved in several CSA Regulatory Sandbox applications and registrations.
“We are thrilled to welcome Ben to the Netcoins team. His regulatory and compliance experience will be instrumental in helping Netcoins take a leadership position among regulated platforms. We believe regulation is a critical step towards investor protection and the evolution and mainstream adoption of crypto in Canada,” said Mitchell Demeter, President of Netcoins.
On behalf of the Board,
Chief Executive Officer
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: Blockchain Intelligence Group (blockchaingroup.io) and Netcoins (gonetcoins.com).
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. Our commercial product, BitRank Verified®, offers a “risk score” for cryptocurrencies, enabling RegTech, banks, ATMs, exchanges, and retailers to meet traditional regulatory/compliance requirements.
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 enables crypto transactions via retail locations globally, a self-serve crypto brokerage portal and an Over-The-Counter (OTC) trading desk.
BIGG Investor Relations
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.
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