Member Info for AimHigherStill

Drutor, Jambone hasn't the first idea, all he does is hangs off the every word of the Ceo and constantly repeats what he has said like it's gospel. He cannot think for himself or conduct any kind of research, unfortunately now thickies like Pain also hang off Jambone words, you can see where this is going. Deal or no deal, revenue or bust. GL.

Pain you've become slightly unhinged and quite obsessed with me. If you channelled as much effort and energy into getting an education, you'd be OK.

Angra is king - remember some of us telling you that? This BoD are actually quite incredible, they bought the little crypto exchange a some time ago but it's a side show to the bigger picture of their neo banking plans, look back through their Rns's and compare their wording/plans etc to them the UK Finance paper below re stablecoins, cryptossets etc, these sly old foxes were way ahead of the UK Fca who quite clearly were not ready for Gst's proposals. When they said they were going to be the first london listed stablecoin issuer, they were not joking, when they said they believe this market would be worth 100x what it was then, they were not joking.

Bloody fantastic, so what if their Pr seems terrible to others, what they are and have been building here will be incredible.

Well im even more convinced than I was before after reading through that, Semnet was/is needed to satisfy Fca and Lord Wellesley will become the CASS officer (Link to FCA) once he's appointed and the reason he was chosen imo.

Next few updates by Gst will be very telling indeed. Come on now Gst let's be having you.

Splatted seriously get a grip, are they still going?

I hope whilst the kindergarten are having their latest hissy fits, adult Gst investors are reading this paper.

The more i read this paper by Uk Finance the more you can see references already made by Gst and what they have been doing so far, they are way ahead of the game here imo. No ramp needed, just read it for yourselves and join the dots!

Getting exciting.

However, the FCA must consider the role of exchanges in this distribution chain. Since cryptoasset

exchanges that interact with stablecoins, at present, purely conduct a market making function.

Distribution agreements may need to consider the cryptoasset exchange’s role in facilitating

payments and whether they would come into scope as a payment arranger. Cryptoasset exchanges,

if included in the scope of the Consumer Duty, would therefore have to change and adapt their own

interactions with consumers and clearly define their role within the stablecoin payments chain. It

would therefore be useful for the FCA to include proportionate guidance as to the responsibilities of

cryptoasset exchanges within the payment chain.

Guys - Hence Semnet acquisition -

Obligations under financial crime (including AML) laws

UK Finance and its members anticipate that the proposals may put stablecoin issuers (and their

service providers) under undue pressure in the context of their existing financial crime (including

AML) obligations. In contrast to the position under the EMRs (which does not impose an execution

time requirement on redemptions), stablecoin issuers would be given only until the end of the

following business day to perform the necessary financial crime checks (covering all of AML, fraud

and sanctions), making information requests and resolving escalations.

UK Finance and its members are of the view that firms should be required to satisfy redemption

requests in line with existing regulatory standards. To prevent fraud and financial crime, there may

be a need to have parity by having flexibility on execution times in instances where a transaction has

been flagged as a potential instance of financial crime or fraud. This would help ensure that firms

can conduct adequate fraud and financial crime checks. We note that one day is typically not long

enough to investigate serious breaches.

MAS mentioned here. -

For overseas stablecoins and stablecoins denominated in currencies other than sterling, members

say there are business opportunities that would need overseas currencies to be incorporated into

the regime. However, members note that stablecoins that are backed by overseas stablecoins or a

basket of reference currencies may be subject to additional risks compared to those that are backed

by a single currency and consequently may need to maintain larger liquidity/capital buffers to provide

for the necessary level of price stability. Partial backing in another currency would introduce a level

of additional complexity and potential volatility that could increase intraday deviations from par. There

was also a suggestion to look at the Monetary Authority of Singapore’s regime that allows all G10

currencies to be used to back stablecoins. This may facilitate more effective cross-jurisdictional

supervision of stablecoin payment systems, however this would require an unprecedented level of

regulatory coordination.

There may be a business case to allow limited backing in another currency that could be beneficial

to allow for redemption facilitated by overseas government debt or cash where the domestic UK

market is not open (for example during the UK’s bank holidays).

Just ignore the children splatted, they have zero knoweldge on either board to counteract anything anyway, Meanwhile UK Finance here are bringing up some excellent points to counter the Fca around Stablecoin and crytoassets, very interesting read.

Https://www.ukfinance.org.uk/system/files/2024-02/UK%20Finance%20Response%20to%20FCA%20DP23_4.pdf

Interesting read.

I'm here in a sort of teachers role, to keep the kindergarten in check when they post pure naive lies, so keep them to a minimum please kids.

Pain, lets talk about credibility shall we........ThePain

Today 11:47

Posts: 400

Price: 0.975

Hold

Agreed garwool

You wouldn't hand over 2 million for establishing infrastructure leading to revenue unless you were convinced that the product is viable

Pain here thinks someone 'handed over 2m' to Qbt and has kept hold of the shares..........

credibility shot. Bye.

Help help the kindergarten is full on attack mode.

Whoever took part in that placing will have already sold them at a good profit late last year, nobody has just 'handed over' 2m.......naivety here is off the scale.

Thats a very honest post Pain, you're included in the kindergarten investors by the way, love how you're now following me around lol. Very sad and quite pathetic.

Personally right now, the Semnet Rns would do. Dragging on a bit now.

James do I really need to drag my level of intellect down to yours again?

I was answering Massive. There you go.

Anything of use to say, thought not.

Well we know with GST that isnt going to happen Whistler lol!