Member Info for Chaebol

Lol like i said Enki whatever your networth is we can toss a coin for it x;) ill bring cash x

Im that dude that bought btc in 2015 at 250 euro each and people told me I was crazy then and didnt know how to invest..... I was already laughing a la Micky Caine style in 2004 tbh....be nice to see you catch up tho.

Peace x

By their own making with the arbitration.

Aligning with MiCA protocols and best practices are far different than actually applying for it and no one will confirm or deny its application. Just non legal term 'application in progress'

Could this end up too strict for GST just like the FCA sandbox application? Im not betting its a sure thing like everyone else is.

I cant help it if youre genuinely stupid BFD.

Enki silence in this, is amusing he and I both understand it even if you dont.

Peacer and Love.

Leew price is subjective now, I wouldnt buy at .3 or .4 as I thought I would buy at .6....

We need to see proper results now. Then ill reconsider. I think Lloyd is beginning to understand how bleak it looks right now as he has looked at factual info but others are hanging on.......

I saw that Lloyd on his profile. Very humble of him lol

The Lord seems the most astute out of all of them and sold 2/3rds at 1.2 ish bet he is kicking himself like many here for not selling in the 3's...... now just a token hold just like Tone goh's token buys in this.

40k is nada to Tone Goh. Next x;)

Telling they dont want invlvement at these levels.

Pivots lol We have had a terrible year and for some reason you think everything is fine and dandy.

It really isn't and we have no guaruntee MiCA will be approved just like FCA sandbox....

Anyway back to the good stuff Enki 1664 visitors to Bake in October the bod have 100 million COLA tokens valued at 500k usd with real face value of under 8000 usd.

And now youre trying to tell me that Mica license sends this to 5p thats X8 its MCAP. Sorry MiCA is not going to be worth that on approval. 1.2p like I say and then peeps are gonna sell hard imo.

NO actually I think Lithuania will have to run till 1st July but i was just highlighting your biased ways....

Yes, crypto-asset service providers (CASPs) in Lithuania can continue to operate under a transitional "grandfathering" period until July 1, 2026, under the EU's MiCA regulation. This allows existing businesses to operate under national laws until they receive a formal MiCA authorization or are denied one. The full MiCA regulation comes into effect on December 30, 2024, but this transition period gives businesses time to adapt to the new rules.

Key details for applying in Lithuania

Transitional period: Existing CASPs can operate until July 1, 2026, under national laws, giving them time to apply for a MiCA authorization.

Application: Existing providers authorized under national law before December 30, 2024, can apply for a MiCA authorization through a simplified procedure until July 1, 2026.

Official deadlines: While the EU-wide grandfathering ends on July 1, 2026, individual countries may have their own specific national deadlines within this period. For example, Lithuania had an initial deadline of June 1, 2025, and an extended deadline of January 1, 2026, to comply or cease operations.

Adaptation required: During this period, businesses must still prepare for full compliance with MiCA rules, which include adapting governance, internal processes, risk management, and AML/KYC policies.

Billy told me on Friday x;)

billy101203 Premium Member

Posted in: GST

Posts: 30,328

Price: 0.65

No Opinion

RE: Morning all24 Oct 2025 08:50

I noticed the next MiCA update but as we have Grandfathering rights until July 2026, no rush really (however sooner the better). The White Papers key getting amended. I really do think that EU getting direction from UK on this move. UK's using others as a testing ground to introduce regulation and as a test bed.

Lets see what Rachel in accounts says on 26th.

Wow ok in low IQ form for you Enki

B positive saying Mica will drop shortly. I am replying with the knowledge of the 'Grandfathering' exemption, which enables them to transact until 1st July 2026 (as long as they have filed) so IF THEY ALREADY HAVE THAT EXEMPTION OF THE GRANDFATHERING...They are already able to serve all of Europe now?

Get it now sweet cheeks x;) or you going to invent more nonsense ?

Any day now x;) but if they are already exempt under grandfathering rules, cant they already serve all of Europe under that exemption?

Did they use COAL as the stablecoin x;)

December 21, 2023: Interim Results for Six Months Ended September 30, 2023Context: Post-non-admission update; FCA rejected Sandbox entry in June 2023 for not meeting strict criteria but offered alternative Innovation Pathway access, which GST accepted for guidance.

Key Comments:Company: "In June 2023, the FCA informed the company that the stablecoin application did not currently meet the FCA's strict criteria for admission to the Regulatory Sandbox. As an alternative, the FCA offered GSTechnologies a place on their Innovation Pathway programme, which the company accepted... The Innovation Pathway provides a dedicated FCA case officer and comprehensive support services to assist in developing the path for its stablecoin plans, potentially involving a future Sandbox application or preparation for regulatory authorisation without supervised testing."

July 24, 2024: Results for Year Ended March 31, 2024Context: Reiterates June 2023 rejection and Pathway acceptance; deprioritizes UK stablecoins amid focus on other ops (e.g., Bake.io acquisition).

Key Comments:Company (Chairman's Statement): "In June 2023, the FCA informed GST that the stablecoin application did not currently meet the FCA's strict criteria for admission to the Regulatory Sandbox. As an alternative, the FCA offered GST a place on their Innovations Pathway programme, which the company accepted. This programme provides a dedicated FCA case officer and support services to help develop the path for GST's stablecoin plans... Discussions with the FCA continue, but regulatory authorisation in the UK for the company's stablecoins is not seen as an immediate strategic priority or necessity as the group's other operations develop."

These RNS highlight GST's initial enthusiasm for the Sandbox as a UK entry point, evolving to pragmatic adaptation via the Innovation Pathway. No further Sandbox-specific RNS in 2024; emphasis shifted to MiCA in Lithuania. For full texts, check LSE RNS archives. I

Enki we had the same bs with Pinsent masons law firm with fca sandbox

February 20, 2023: Stablecoin Regulatory Sandbox Application FilingContext: GST announced filing the application via subsidiary GS Fintech Ltd, advised by Pinsent Masons LLP. It was described as a "key pillar" of stablecoin activities in the UK, aiming to be the first quoted company with an FCA electronic money institution license for stablecoins.

Key Comments:Company: "GSTechnologies Limited (LSE: GST), the fintech and information technology solutions company, is pleased to announce that the Company's stablecoin application for admission to the UK Financial Conduct Authority ('FCA') Regulatory Sandbox has been filed."

Tone Goh (Chairman): "We continue to make significant progress with our GS Money ambitions and the submission of the application for our stablecoins to be admitted to the FCA Regulatory Sandbox is a key step. We believe the UK market needs a trusted UK-based provider to offer regulated electronic money and payment activities specifically related to stablecoins. I am confident GST has the technology and operational readiness to be a leader in this business and I look forward to providing further updates in due course."

May 12, 2023: Sandbox Application Update & Appointment of BrokerContext: Update on processing delays due to FCA internal issues (team sickness), with a revised decision timeline to end-May 2023. GST noted receipt of a proposed Sandbox testing plan and ongoing assistance to the FCA.

Key Comments:Company: "The Company has been informed by the UK Financial Conduct Authority ('FCA') that the expected final panel review meeting... is no longer able to take place as scheduled due to unprecedented levels of sickness within the FCA team. As a consequence, the FCA have indicated that they will now be able to provide a decision on the Sandbox Application by the end of May 2023, not mid-May as previously indicated. In the meantime the Company has received the proposed Sandbox testing plan from the FCA and it continues to assist the FCA with their review of the Sandbox Application alongside advancing its other GS Money plans."

June 16, 2023: Corporate UpdateContext: Further delay beyond initial timelines; FCA panel still reviewing, with GST remaining engaged. Tied to broader GS Money progress (e.g., AngraFX API and GS20 exchange soft launch).

Key Comments:Company: "The Company's stablecoin application for admission to the FCA Regulatory Sandbox, as announced on 20 February 2023, continues to be processed by the FCA. The timeline provided for FCA approval is typically indicative and not a fixed date, and the FCA approval process has extended beyond the anticipated timeframe. The FCA panel has not reached a decision regarding the Company's Regulatory Sandbox application at this time. The FCA continues to actively consider the application, and the Company remains fully engaged with the ongoing process with the FCA.

I understood what i posted BFD its just levels beyond your intelligence. Enki knows x;) its why he remains quiet on his fantasy story of the Arbitration of semnet and yp silon.

And you think ive made it up x;) good grief x;|)

Thanks Lloyd, its just very frustrating and everything is falling apart revenue wise.

I think many will sell if we achieve a good price which could be 1 to 1.5 p for many.

The dream here is over for now. Just hope they become much better !

BFD youre never gonna work it out. Truly special....Enki always stays quiet during this because he's the one that made up the whole thing and then I posted the link srtory from 2019 his AI made it up from, but youre never gonna get it it must be levels above your grade.....

Just buy more x bury yourself in them......

GL

How much bake make on 500k of inflows in the last month...... not a lot ! We need that daily........

Trading/Swap ScenarioBake.io charges a flat 0.4% commission on buys, sells, asset-to-asset swaps, or entering/exiting ecosystems (e.g., 0.5% into DeFiChain, but 0.4% standard).

If you swap the full $500k (e.g., USDC to BTC for lending), Bake.io earns: $500,000 × 0.004 = $2,000.

All Enki has to do is answer, but he found that made up Arbitration form that anonymous 2019 case..... or his AI made it up.

Enki ? where di your AI get the made up semnet yp silon arbitration from ? was it the 2019 case?

Lol and im the stupid one !

I did say from what i was reading, glad to be corrected in a way but i didnt state it as fact like your dreamed up arbitration case....but an EMI does help and bless them theyve been trying for 4 years now!........In Lithuania, an EMI license offers no formal exemptions from MiCA's CASP requirements but provides practical facilitations via shared BoL oversight, compliance overlaps, and Lithuania's crypto hub status. Dual authorization applies for overlaps (e.g., EMTs), with €125K min. capital cumulative (no offsets). MiCA's "same risk" rule (Recital 9) ensures no shortcuts.1. FrameworkCASP: Effective Dec 30, 2024; Lithuanian law (Jul 11, 2024) mandates BoL approval for custody/trading/advising. Apps open Jan 2025; 3–9 mo. processing.

EMI: Under EMD2/Lithuanian EMI Law; covers e-money/payments/safeguarding.

No Waivers: EMI doesn't bypass CASP; e.g., non-EMT trading needs full CASP.

2. Exemptions & ReliefMiCA (Art. 2): Asset-specific (e.g., non-DLT e-money under EMI only;

Dual authorization applies for overlaps (e.g., EMTs), with €125K min. capital cumulative (no offsets). MiCA's "same risk" rule (Recital 9) ensures no shortcuts.1. FrameworkCASP: Effective Dec 30, 2024; Lithuanian law (Jul 11, 2024) mandates BoL approval for custody/trading/advising. Apps open Jan 2025; 3–9 mo. processing.

EMI: Under EMD2/Lithuanian EMI Law; covers e-money/payments/safeguarding.

No Waivers: EMI doesn't bypass CASP; e.g., non-EMT trading needs full CASP.

2. Exemptions & ReliefMiCA (Art. 2): Asset-specific (e.g., non-DLT e-money under EMI only;