RE: Confusedbol3 Jan 2026 06:21
I dont think you guys can read english, you're in so deep and deluded that you are blinded. .3 might wake you boys up.
I said LT biz would end 31st December,if the app was pending it would be a hard cut off still. You should thank the BOL for not giving this a hard rejection, but your knowledge on this is pitiful tbh. And you keep rewriting lies, none of you called this right just mocked me, and now the price and the situation has left you all in the brown stuff, 85 points down and this company has never been better in your eyes, this is a special delusion,
so, bless your little cotton socks, trying that classic sleight of hand with the MiCA deadlines. "Transitional period ends 31/12/25, but hey, applications can still trickle in Q1 2026!" As if that's some magical lifeline saving Bake from going "hell in a handbasket" on Jan 1st.
It went just like i predicted x;)
Cute narrative pivot, really – almost as smooth as those "Plan B" whispers from Lithuanian VASPs back in November that everyone mocked. Remember those? because I called them spot on while the clown parade was busy laughing.Let's break this down simply, since points of law are your thing:The Bank of Lithuania (BOL) set a hard cessation date: unlicensed operations become illegal on January 1, 2026. No grace, no wiggle room for ongoing services without a MiCA license. Fines, website blocks, even prison time for the stubborn ones. Transitional grandpa-ing? Ends Dec 31, 2025 – Lithuania opted for the shorter 12-month window, not the full EU max to July 2026.
Applications after that? Sure, new firms can theoretically apply in 2026 (MiCA doesn't ban fresh submissions ever, i did say that as well). But for existing Lithuanian VASPs like Bake? If they didn't get approved by year-end, they're done. No more serving clients, no more custody – full stop. That "Q1 2026 reporting" spin is just smoke: it might mean processing pending apps or new ones, but it doesn't resurrect dead operations.
I called this early in the year: no MiCA for certain groups in LT, hard rejection risks a permanent black mark (non-compliant list = future apps doomed), so smart ones withdraw to stay clean. BOL even nudged firms to pull apps if they weren't ready – saves face and keeps doors open elsewhere. And guess what? Operations did cease for all vasps on the 31st if unlicensed. No doomsday for the whole market, but for the non-compliant? Poof.
You lot called it impossible, mocked the "Plan B" chatter... yet here we are, Jan 3rd, and LT's crypto scene is quietly consolidating into the licensed few. Bake reapplying in Lithuania? Lol, that's finished for the group – they'll pivot jurisdictions and run it right to the next deadline in July. What you don't have (a MiCA ticket in LT), you don't miss... because you're not allowed to operate there anymore.Hehehe, narrative "done and dusted"? MiCA's just getting started, darling. The real attack angle now?
Watch the exodus..............
Doh
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