RE: 2 MiCA light licenses under Article 60(4) MiCA Article 60(4) given in LT recently.20 Apr 2026 05:34
what i do is transparent. 100% thank you.
i don’t listen to the rampers on here , they know very little, and look where it’s got them. my research went straight to the doors that actually matter for bol and mica. i went directly to the supervisor of mica approvals in lithuania, lukas jablonskas, and eventually to the governor’s office his assistant, rustas. i pressed them hard with persistent questions and equivalent freedom-of-information requests.
it was only when low-iq aerry started asking lukas about “pushing the envelope” that the flow of information dried up. but before that, i extracted some absolute gold from lukas and rustas.
they only named gst once so apart from that one instance they never mentioned specific companies, but the gist was crystal clear
“we have international companies pretending to be lithuanian.”
one firm claimed 700,000 users… and only 1 aml officer (he even added “lol”).
plenty of apps are still running on virtual offices — think bake and the council flat on the outskirts of vilnius.
and other gems, including the most explicit line i got, they straight-up told me bake should apply in singapore.
in december 2024, the bank of lithuania contacted all vasps in lithuania and laid out exactly what they now required in applications
ceos must have been in place for 6–12 months and prove their real importance via board minutes (no placeholders)
no virtual offices.
genuine lithuanian substance — actual employees on the ground.
show us a real business plan and operations.
etc.
knowing gs fintech’s application was a guaranteed failure, i positioned accordingly for the impending trainwreck. and boy, did it deliver.
you all called it fud and said i didn’t know what i was talking about — even after i shared direct intel from the bol itself — while the rampers were hyping “5p tomorrow” and “mica any day now.”
i was so confident the gs fintech app was dead on arrival that i said back in december they would never apply in lithuania again. looks like that’s proving true gst barely mentions lithuania anymore and is now claiming in their comms that they’re applying in poland. lol.
how did i feel when they bought finferno? i knew immediately it wouldn’t save them. grandfathering in poland gives you local market rights only — no passporting rights under mica. that was it.
so, knowing the ****show was only getting started, i have joyously continued this really has been the gift that keeps on giving.
and they still have the emi farce to play out — month 17 hits in 10 days. lol.
fca clearing apps in 4-10 months, what could possibly be going right with that app !
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