Member Info for Baznick

EC I know you’ve been here a long time but calm down, give it a chance, it’s not been long since our circumstances have changed. I’m confident we’ll be in a much better position before the end of the year.

Looking forward to the day this is live!

https://ibb.co/fdfjKPMv

Having a quick look at the new terms of service. Not something I normally do! Could they request KYC again.

5.1.2 Sending Supported Digital Assets from your Digital Asset Wallet

a. you may send Supported Digital Assets from your Digital Asset Wallet to supported

blockchain addresses. We may require you to assist with the verification of the identity of

the owner of the supported blockchain address and you agree to provide us with any and

all information, documents and/or materials that we may from time to time request for

such purposes, and you permit us to keep a record of all such information, documents and

materials for so long as we are required or permitted to do so under Applicable Laws,

including beyond the termination of your account. In providing us with such information,

documents and/or materials that we request, you confirm (i) the accuracy, completeness,

and authenticity of all such information, documents, and materials, and (ii) you have not

withheld any information, document or material that may influence our verification of the

identity of the owner of the relevant blockchain address;

I was unsure yesterday which location but in the statement this morning they confirm it’s Poland.

Yes, just received it this morning also. Mostly a repeat of what they sent yesterday.

From the copied statement I posted yesterday this part stands out the most.

The only way out remains companies with a valid VASP license (we have two) and a flawless reputation with zero transactions. Such structures have priority in consideration under MiCA. They gain the legal right to conduct business immediately after filing an application while being in the official approval-pending mode. July will be the moment of truth: only those who have secured their legal purity in advance will survive.

Hopefully by July but sounding like maybe longer until achieved!

I’m totally confused to the current market cap. I understand we need mica but why can’t the bod come forward and discuss the other segments of the business, do they not hold any value?

Emails have been written to them, so they are aware of the situation, does it not value a response to try and steady the sp!

Could this be the reason they’ve decided on suspension route while trying to acquire mica.

Andrew Melnik • 3rd+

+ Follow

VC Investor | Fintech

The July Apocalypse for Crypto Business in the EU: Why 75% of Companies Will Fail the MiCA Filter?

By July, a radical cleanup awaits the European crypto market. According to expert estimates, up to 75% of currently operating companies will be forced to cease their activities. National EU regulators have moved to a zero-tolerance policy, and statistics confirm this.

Out of thousands of players trying to legalize, just over 100 companies have received real approval from regulators under MiCA standards. More than 50% of applications are rejected by commissions at the document submission stage alone. The primary reason for rejection in 90% of cases is the presence of suspicious transactions in the company's history. Modern monitoring software (such as Chainalysis or Crystal) used by central banks sees "dirty" assets many steps back. Finding an operating company with an absolutely sterile history is almost impossible today.

The consequences of being denied a MiCA license go far beyond legal prohibitions. Companies that fail the filter are completely deprived of access to the banking system: they will not only be refused the opening of new accounts but will also have transactions blocked on existing ones. The clients of such companies are also at risk, as their funds may be frozen by bank compliance departments as "risky assets."

For new players, MiCA rules are becoming prohibitive. Companies applying "from scratch" enter a regulatory review mode for 1–2 years. During the entire waiting period, any business activity is prohibited by law. This means financial death for most projects.

The only way out remains companies with a valid VASP license and a flawless reputation with zero transactions. Such structures have priority in consideration under MiCA. They gain the legal right to conduct business immediately after filing an application while being in the official approval-pending mode. July will be the moment of truth: only those who have secured their legal purity in advance will survive.

If you need help acquiring a clean company with a VASP license and no past transactions, please send a direct message.

#MiCA #CryptoRegulation #VASP #Fintech #BlockchainEurope #AML #CryptoCompliance

What a load of hypothetical nonsense we would all like to buy with hindsight!

I take no notice from non-investors or invested that that run it down. You do have a choice sell if you’re no longer interested.

Personally, I’m disillusioned with the direction of travel but still believe in the company.

They definitely need to learn more about conversing with their shareholders as this agitates them.

On the point of aimhigherstill, he didn’t suffer fools gladly but did make reference to the fact that he was getting a little bit concerned himself but seeing he’s not posted anywhere since late December I’m slightly concerned he’s went the same way as splattered.

GLA

Nero, can’t say I’m not very disappointed, in too deep to give up hope!

Hopefully when the good news RNS’s come, they are thick and fast.

Nero. Sure someone posted earlier, but yes.

Customer Statement

Dear Sir/Madam,

We hereby inform you that, due to the need to adapt the Company's operations to the requirements of the Regulation (EU) of the European Parliament and of the Council on Markets in Crypto-assets (MiCA), Finferno sp. z o.o. has decided to change the scope of services provided.

Although the Company is authorized to provide services related to the trading of virtual currencies until June 30, 2026, a business decision has been made to suspend these services earlier in order to allow Clients the freedom to manage their accumulated funds.

1. Suspension of Services

As of April 15, 2026, Finferno sp. z o.o. will suspend all services related to trading in virtual currencies. This suspension will remain in effect for an indefinite period, until a MiCA license is obtained in Poland.

2. Ability to Withdraw Funds Before the Suspension of Crypto Services

Until April 14, 2026 (inclusive), Clients may withdraw the funds accumulated in their user accounts. Withdrawals will be processed in accordance with the applicable rules, including the standard withdrawal fees available at this page.

3. Rules After April 15, 2026

From April 15, 2026:

All crypto-asset funds accumulated in users' accounts will be converted into US dollars (USD) at the exchange rate effective on April 15, 2026. The USD funds will remain in the Client's account.

Finferno sp. z o.o. will discontinue crypto-asset deposit services.

The Company will only provide the possibility of withdrawing funds.

In order to safeguard Clients' funds, Finferno sp. z o.o. will appoint a trust company and/or asset management company responsible for the safekeeping of funds and the execution of withdrawals. The custodial institution will charge processing fees and account maintenance fees in accordance with its price list.

4. Personal Data of Account Users

After the withdrawal of funds, users' personal data will be processed only for the purpose of maintaining accounts in the system and fulfilling legal obligations, including archiving and tax requirements. Processing will be carried out in accordance with applicable law, in particular the GDPR.

5. If You Do Not Accept These Changes

If the above changes are not accepted, the Client has the right to withdraw all funds accumulated in the account and request closure of the account after all funds have been withdrawn.

6. Amendments to the Terms of Service

In connection with the above changes, the Terms of Service will be updated and will enter into force on April 15, 2026. The Terms and Conditions for the Provision of Services will be published at https://assets.bake.io/docs/TNC.pdf.

Sincerely,

The Bake Team

Stephen, me too, with the obsessed non invested nay sayers not necessarily just from Genedrive

Stephen, it confirms any uncertainties and theories floating around, so we do have the filter button available.

Looking forward to next RNS.

Much appreciated David, I understand that clarifies your position here, but for some here unfortunately that won’t be enough!

I’m the happiest with the situation here I’ve been in a long while.

Lionel, hoping it won’t be long before all parents receive this procedure if needed.

Encep, nice little read, good for anyone new to GST.

For the ones that like to comment but aren’t invested, As revenue scales and profitability improves, analysts expect upward re-rating — but patience is essential. That won’t sit well with Kat, she could be writing a letter of complaint to the Herald right now!

Frankly, amazed they've been able to float such a tall tale... for kat to believe, she has been invested here?

Nothing more to say about kat than has already been mentioned several times already.

Semnet, duff accountants and and failed first attempt at mica definitely scuppered 2025.

Encep, lots of strands without a lot of worth! this is taking a lot longer than I expected.

Been here 5 years and averaged down from my initial investment at 4.4p thankfully.

I’m not a young one and was hoping to be seeing rewards for my investment by now, hoping this is the year.

Not lost my enthusiasm for GST but the waiting is wearing me down.

I’m with you Garonne

Sounds like there’s going to be a lot of speculation around the current situation, I’m not reading anything into it further than 3 investors that see a good proposition and have took advantage of it.

I’m still of the opinion anyone else wishing to take advantage of the current sp may need to be quick.