Business
BIGG Digital Assets Provides Corporate Update Highlighting Material CRA Reassessment, Netcoins Milestones, and Strategic Progress
VANCOUVER, British Columbia, Dec. 17, 2025 (GLOBE NEWSWIRE) -- BIGG Digital Assets Inc. (...
About this update from Bigg Digital Assets Inc.
[{"type":"text","content":"BIGG Digital Assets Provides Corporate Update Highlighting Material CRA Reassessment, Netcoins Milestones, and Strategic Progress\n\n\n\n VANCOUVER, British Columbia, Dec. 17, 2025 (GLOBE NEWSWIRE) --\n \n BIGG Digital Assets Inc.\n \n (“\n \n BIGG\n \n ” or the “\n \n Company\n \n ”)\n \n (TSXV: BIGG; OTCQB: BBKCF; WKN: A2PS9W),\n \n a leading innovator in the digital assets space and owner of\n \n\n Netcoins\n \n\n ,\n \n\n Blockchain Intelligence Group\n \n\n , and\n \n\n TerraZero\n \n\n , is pleased to provide a comprehensive corporate update highlighting recent regulatory, operational and strategic milestones across the organization.\n \n\n\n Key Messages\n \n\n\n\n CRA issues materially reduced Notice of Reassessment for Netcoins’ 2018 GST/HST matter, reducing total assessed amount by approximately 64%\n \n\n\n\n Netcoins surpasses $1.0 billion in cumulative transaction volume in 2025, exceeding full-year 2024 volume of $785 million\n \n\n\n\n Netcoins joins the BitGo Go Network, enhancing institutional settlement capabilities\n \n\n\n\n\n\n GST/HST Reassessment Update - Material Reduction Strengthens Balance Sheet Position and Supports CIRO Readiness\n \n\n\n The Company is pleased to provide an important update regarding its ongoing dispute with the Canada Revenue Agency (“CRA”) relating to GST/HST assessed on Netcoins’ 2018 cryptocurrency transactions.\n \n\n As a result of the Company’s notice of objection filed in early 2025, CRA has issued a notice of reassessment reducing the GST/HST assessed by $3,864,681, representing a reduction of approximately 64% from the originally assessed amount of $6,071,388. The revised GST/HST principal now stands at $2,206,707. The Company, together with its advisors, remains in discussions with CRA’s Appeals Division with a view to further reducing the amount assessed.\n \n\n Including interest and penalties, CRA has now determined the total amount owing to be $3,228,842, a decrease of $5,643,012 from the previously assessed total of $8,871,854. This substantial reduction significantly reduces a significant contingent liability, represents a meaningful improvement to the Company’s financial position, and strengthens the Company’s balance sheet at a critical time as Netcoins continues to advance its 202...