Member Info for Chaebol

Blocked on Bake Telegram for posting this, really........

❗ Attention to all VASPs ❗

The Financial Crimes Investigation Service (FCIS) has reiterated that the transitional period for VASPs ends on 31 December 2025. From 1 January 2026, only entities holding a valid MiCA CASP licence will be legally permitted to provide crypto-asset services in Lithuania.

Key compliance points highlighted by the regulator:

- From 15th of December, new FCIS questionnaire submission by all registered VASPs via the Strix platform;

- Continued AML/CFT obligations, including STR/CTR reporting and long-term data retention;

- Designation of a responsible point of contact for ongoing supervisory and AML/CFT cooperation by the end of the transition for another 3 months after 1 January 2026;

- Wind-down planning required for entities not seeking a licence;

- Operating without a licence post-deadline may trigger regulatory and criminal liability.

Even entities planning to exit the market must remain contactable and compliant, particularly in relation to data retention and cooperation with Lithuanian and foreign FIUs.

Now is the time to be clear on your company's MiCA strategy and to engage proactively with the regulator.

hashtag#MiCA hashtag#Compliance hashtag#CryptoRegulation hashtag#CASP hashtag#VASP hashtag#AML hashtag#Lithuania hashtag#FNTT

I did say just 1 RNS for bake on 11th December and completion RNS 2nd of Jan. This dumped hard from the 3rd of Jan, assets were leaving bake fast and that dumb raise was being introd

Not working for me either Lloyd.

BFD GST SP 1.90 16th December

Interims 17th December

SP 1.60 19th December

Semnet listing news defo helped but what a debacle that became. Bake Purchase was announced on the 11 th December with completion due for the 2nd January what dumped it after the 3nd of Jan? Was it all those assets leaving bake, or the dumb raise or both?

Those bake RNS's is what pumped us in December right up to completion.

Did they subconciously telegraph this to us.

The withdrawal deadline for this final delisting is December 14, 2025. This date of the 14th is very co-incidental.....

Cheers.

On January 2, 2026, the State Enterprise Centre of Registers will deregister data registered in the Register of Legal Entities about the activities of legal entities as virtual currency exchange operators and/or depository virtual currency wallet operators. Also, from January 2, 2026, neither the List of Legal Entities Carrying Out the Activities of Virtual Currency Exchange Operators nor the List of Legal Entities Carrying Out the Activities of Depository Virtual Currency Wallet Operators, nor any other links to these lists will be published on the website of the State Enterprise Centre of Registers.

The FNTT notes that VASP entities that will no longer provide crypto-related services in Lithuania after 1 January 2026 will continue to be required to store the information specified in Article 19 of the Law of the Republic of Lithuania on the Prevention of Money Laundering and Terrorist Financing:

https://fntt.lrv.lt/lt/naujienos/baigiasi-pereinamasis-laikotarpis-vasp-nuo-2026-m-sausio-1-d-privaloma-kriptoturto-paslaugu-teikejo-licencija-uww/

Https://www.linkedin.com/feed/update/urn:li:activity:7406234400331468801/

Must be making announcement soon....

Lol if this firm had done things half right this year we would have been well above 3.6p at some point in the year........ BTC treasury announcement in March or April this would have sent this to 20p plus imo.

2.5 p buy in on January made a lot of sense but now its punters faults for buying in high.........Hindsight is a a beautiful thing. None of us expected this price and performance for the year.

GSTechnologies' subsidiary GS Fintech UAB (previously named Glindala) began its operational business in Lithuania by soft launching its GS20 cryptoasset exchange in November 2022. 

And did 20.6 million in transactions up to March 31st 2023 ! That is impressive! What happened?

GS Fintech Ltd, a subsidiary of the publicly traded company GSTechnologies Ltd, released its last annual accounts for the year ended 31 March 2025 on September 11, 2025.

Same same.

Despite them never once claiming that they have used GS Fintech as a payment facilitator

Why would they need to tell us that ?

No im not ! I said GSfintech could be the payment processor and you told me it was illegal. I never spoke about legal entitys.

In Lithuania, the standard financial year for corporations is the calendar year, running from January 1 to December 31.

However, a company may apply to the local tax administrator to adopt a different 12-month accounting period if the characteristics of its economic activities objectively justify it.

Highlighting

BFD Lithuania financial year runs from Jan1 To Dec 31st. I would imagine the turnover revenue from the Lithuania state is higighting the financial year of jan 1 to dec 31st and not GST financial year.

Am i being outlandish that GSfintech could have been a payment processing service for Semnet?

Looks like good biz to me if they did it ! jesus.

Amazed we havent had a revenue guesser thread yet ! Everyone keeping things close to their chest ! I'll be happy with 2 million revs for the 6 months after the last 6 months of 25. Hope they arent delayed the interims all that good news stored in their x;)

Might even get another podcast! Sadly Semnet news looks shut down again after its little flurry of news reveals.........

BFD,

Semnet became a 66.67% subsidiary of GSTechnologies. As part of the same corporate group, inter-company arrangements are straightforward and legal:GS Fintech could provide payment processing services to Semnet (e.g., handling client payments involving crypto elements, cross-border transfers, or fiat settlements via GS20).

This could include GS Fintech "making payments on behalf of Semnet" under a service agreement—e.g., receiving funds from Semnet's clients, converting/exchanging them, and disbursing to suppliers or Semnet's accounts.

Revenue would accrue to GS Fintech as fees for services rendered, while the core contract value remains with Semnet.

Such arrangements are common in groups (e.g., centralised treasury or payment hubs) and legal if properly documented, priced at arm's length (to comply with transfer pricing rules), and compliant with AML/KYC regulations in Lithuania and Singapore.

The US$20.6 million transaction volume figure for GS Fintech UAB appears in the GSTechnologies Ltd audited results for the year ended 31 March 2023 (announced July 2023).It is disclosed in the notes to the revenue breakdown or operational review section, specifically under "Transaction fees and charges," where it states:

"Transaction fees and charges are from Angra Ltd and GS Fintech UAB with transaction volume of US$132.87 million and US$20.60 million respectively." (Note: GS Fintech UAB became operational from February 2023, so this covers only part of the financial year post-acquisition and launch of the GS20 exchange.)For the Year Ended 31 March 2024The equivalent audited results (announced July 2024) mention transaction fees and charges coming from Angra Ltd and GS Fintech UAB but do not disclose a specific transaction volume figure for GS Fintech UAB (or separately for Angra).