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

Executive Summary

• Netcoins obtained a two‑year extension of the exemptive relief from the BCSC and other Canadian securities regulators, allowing it to continue operating as a restricted dealer crypto trading platform in Canada.
• The extension is subject to specific conditions, including a positive risk‑adjusted capital calculation by 31 Jan 2026 and submission of a CIRO membership application by 1 Jun 2026.
• Failure to meet these milestones could trigger operational restrictions or a wind‑down of Netcoins’ activities in Ontario.

Key Details

• Extension Granted: Two‑year extension of exemptive relief effective from the decision date (29 Sep 2025).
• Regulatory Bodies Involved: British Columbia Securities Commission (BCSC), Ontario Securities Commission (OSC), and other members of the Canadian Securities Administrators.
• Conditions / Milestones:
• Positive risk‑adjusted capital calculation for FY ending 31 Dec 2025, to be demonstrated by 31 Jan 2026 (CIRO requirements).
• Complete CIRO membership application submitted by 1 Jun 2026; CIRO must formally accept the application.
• Consequences of Non‑Compliance: Potential restrictions on Netcoins’ business, including a possible wind‑down of operations in Ontario, unless alternative arrangements are approved by OSC and BCSC.
• Management Commentary: Fraser Matthews (President & CEO, Netcoins) highlighted the extension as reinforcing compliance and positioning Netcoins for CIRO dealer membership.
• Company Outlook: BIGG Digital Assets expresses confidence that Netcoins will meet required milestones and commits to providing timely stakeholder updates.

Notable Quotes

“We are excited to have obtained an extension to our exemptive relief to continue operating as a restricted dealer and continue to build Netcoins as one of Canada’s leading regulated crypto trading platforms, which reinforces our commitment to compliance and transparency.” – Fraser Matthews, President & CEO, Netcoins

Materiality Assessment: Non‑Material – Positive (the extension maintains current operations without immediate financial impact but is favorable for future regulatory positioning).