Earlier this month, a hacker stole $ 600 million worth of cryptocurrencies from the Poly Network encryption protocol. It was a vulnerability in Poly Network that allowed the hacker to steal the funds (in what is considered one of the biggest cryptocurrency heists of all time). After days of urging the hacker to return the money, the hacker finally agreed to do so at no cost.
Despite the positive ending, it’s stories like these that worry people about the legitimacy of cryptocurrencies and whether the industry can ever be secure and compliant. Fortunately, the industry is moving in this direction with one Canadian company in particular, BIGG Digital Assets Inc., open the way.
A crypto-compliant company in Canada
Canadian company, BIGG Digital Assets Inc. (CSE: BIGG) (OTCQX: BBKCF), believes that the future of crypto is a safe, compliant and regulated environment. That’s why they invest in products and companies that support this vision.
One of these companies is Netcoins, the most trusted platform in Canada for buying and selling cryptocurrencies. Netcoins offers 0% fundraising fees, instant transactions, and free cash withdrawals. The best part is, Canadians don’t need a lot of money to get started. They can invest in crypto with as little as $ 10 or as much as $ 10 million. And registration only takes a few minutes.
Another company owned by BIGG Digital Assets is called Blockchain Intelligence Group (BIG), which provides cryptocurrency research, analysis and risk management solutions for businesses, governments and law enforcement. . Their range of products and services includes:
QLUE™ which visually tracks and traces Bitcoin, Ethereum, and Litecoin transactions. It detects suspicious activity in order to fight fraud, money laundering, terrorist financing, illegal trafficking and more.
BitRank verified® is a “risk assessment” service that assesses the risk of wallet addresses and transactions while assigning them a security rating.
For more suspicious and complex crypto cases, they offer investigative services led by former government cryptocurrency agents.
Online training that covers investigative tactics related to cryptocurrencies.
The future of crypto is regulated
Right now, conversations around cryptocurrency regulation are on the rise. In Canada, cryptocurrency exchanges like Netcoins require regulation. In the United States, lawmakers and government agencies are trying to figure out how to regulate the industry.
In fact, earlier this month the $ 1 trillion infrastructure bill that included provisions for the regulation of crypto was passed by the Senate. And Security and Trade Commission Chairman Gary Gensler spoke about the SEC’s role in regulating digital assets.
It is clear that the crypto industry is moving towards regulation, and companies that are already positioned to be compliant and regulated will be the big winners. BIGG Digital Assets has paved the way for a regulated crypto industry in Canada in recent years and will continue to be unmatched in the industry for the next decade.
You are investing in a crypto compliant business if you are investing in BIGG Digital Assets. BIGG trades under the following symbols: CSE: BIGG, OTCQX: BBKCF and WKN: A2PS9W.
Do you want to become an investor in BIGG Digital Assets? Visit https://biggdigitalassets.com/ for more information.
Download the Netcoins mobile app today, available on iOS and Android or access it through a web browser at Netcoins.ca
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