Vancouver, Canada – BIG Blockchain Intelligence Group Inc. – March 7, 2018 – (CSE: BIGG) (OTC: BBKCF) (WKN: A2JSKG) (“BIG” or the “Company”), a developer of Blockchain technology search and data analytics solutions, is committed to meeting the growing demand for greater security and transaction transparency within the Cryptocurrency sector.
‘Taking Cryptocurrency Mainstream’ is the Company’s vision statement. Our mission is to reduce the risks associated with Cryptocurrency use for business, government and individuals – enabling the widespread adoption and use of cryptographic digital currency. We are leveraging our recent $19.5 million financing to do so.
“The good news for BIG and our investors, is that whether Bitcoin’s price goes up or down, Anti-Money Laundering (AML) background checks need to be performed more now than ever before by both the financial industry and retailers,” said BIG CEO, Lance Morginn. “That’s why this recent round of financing is being used in part to ensure the market and legislators are aware of our suite of tools, which provide tracking capabilities and analysis of transactional legitimacy that far surpass what is possible when dealing with traditional fiat (paper) money. It’s only when we have this level of insight in the Cryptocurrency space that financial institutions and retailers can meet their fiduciary responsibilities, that policies can be defined and legislation implemented.”
Some of the drivers supporting this growing market demand for BIG’s tools were summarized in the recent article, “How Law Enforcement Can Investigate Bitcoin Related Crimes And Why That’s Good”(1), including:
- the need to craft a Blockchain that is secure for legal commerce, and advantageous to everyone except criminals;
- law enforcement’s proven track record of evolving their ‘toolkits’ to outsmart criminals’ use of new technologies;
- Bitcoin’s pseudo-anonymous nature enabling the tracking of all transactions for a specific Bitcoin address, with records dating back to their first transaction;
- the Blockchain’s nature of storing all information forever, making unprecedented data retrieval possible and easy, even across international borders.
The article concludes with the sentiment, “It’s crucial that the Blockchain becomes a place criminals don’t feel secured,”. This echoes our efforts at BIG.
- Balaban, David. (2017, October 5). Https://cointelegraph.com/news/how-law-enforcement-can-investigate-bitcoin-related-crimes-and-why-thats-good)
On behalf of the Board,
CEO, Director & Co-founder
BIG Investor relations:
BIG Communications & Media Contact:
U.S Investor relations:
KCSA Strategic Communications
Valter Pinto, Managing Director
Scott Eckstein, VP of Market Intelligence
PH: (212) 896-1254
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. 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. Many of these risks and uncertainties are beyond the control of the Company, including but not limited to, the future business operations of BIG. Important factors that could cause actual results to differ materially from BIG’s expectations include, consumer sentiment towards BIG’s products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in the news release are made as of the date of this news release, and the Company does not undertake any obligations to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
The CSE does not accept responsibility for the adequacy or accuracy of this release
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