RE: Morning all16 Oct 2025 10:29
Billy,
All within RNS, both in regards to BAKE and GST
Key Mentions of MiCA Licence in GST RNS / Reports
1. Corporate Update — 27 March 2025
In this RNS, GST states:
“The Company has also appointed Response Legal to assist in securing a Markets in Crypto-Assets (MiCA) licence. The Company is confident in achieving a positive result, expected in the second half of 2025 …” 
2. Results for the year ended 31 March 2025 (RNS / Annual Report)
In the risk / intangible assets section, the report says:
“Bake App — The Bake App is a platform for crypto trading, swaps, and staking. To operate in the EU, the company needs a MiCA licence. The application is still in progress. Until the licence is granted, there is a risk that the app cannot be used in certain markets, which could affect its value …” 
And in that same document (in summary) they also mention:
“To operate in the EU, the company needs a MiCA licence. The application is still in progress.”