Member Info for Chaebol

The problem isnt just Crypto Sunny, You have Tusk Govt of liberal lefts and the Presidents office far right.

In Poland's current political landscape (as of March 2026), your perception of a deep divide is accurate, though the specific labels for each side are slightly more nuanced.

The Two Power Centres

* Prime Minister Donald Tusk (Government): Leads a pro-European, centrist coalition. While often called "liberal" by his opponents, his "15 October Coalition" is actually a broad alliance ranging from the centre-left (New Left) to the centrist (Civic Coalition) and centre-right (Third Way). In 2026, Tusk has focused on a "Polish acceleration" policy, emphasising military expansion, infrastructure, and a tough stance on crime.

* President Karol Nawrocki (Presidency): Is a right-wing, nationalist-populist figure. He was elected in June 2025 as an independent candidate backed by the conservative Law and Justice (PiS) party, narrowly defeating liberal Warsaw Mayor Rafał Trzaskowski.

Nawrocki has a confrontational relationship with Tusk's government and frequently uses his veto power to block its legislative agenda. 

Key Areas of Conflict

The deadlock between the two leaders has significantly slowed Poland's domestic and international policy

* Legislative Deadlock: Nawrocki has vetoed several of Tusk's key initiatives, including energy price freezes, wind turbine deregulation, and a €150 billion EU defence loan program (SAFE), which he argued could undermine Polish sovereignty.

* Social Policy: Nawrocki staunchly opposes the government's plans to liberalise abortion laws and introduce same-sex civil unions, citing traditional Catholic values.

* Foreign Policy: While both support military aid to Ukraine, they clash on how to represent Poland internationally—a conflict dubbed the "war for the seat". Nawrocki maintains close ties with the Trump administration in the US and remains deeply skeptical of EU integration. 

As of March 2026, analysts suggest this "cohabitation" will continue to paralyse major reforms until the next parliamentary elections scheduled for 2027

Bake say they are applying in Poland thats impossible.

LT is a non starter through its weak substance and mind management, so where else is available to apply in the EU ? that hasnt set a deadline yet....

Malta (Has integrated MiCA into its existing Rulebook and offers a simplified path).

Luxembourg.

Estonia.

Croatia.

Romania.

Iceland.

FWIW i think they've given up on MiCA but lets see GST next RNS not fluffy emails and updates from Bake.

Countries Following a "Comply-or-Quit" Transition (1 July 2026) 

The following jurisdictions allow firms to operate until the final cutoff, provided they were already active before 30 December 2024, but they strongly "invite" early applications to avoid last-minute rejection: 

 

Spain: While Spain allows the full 18-month transition to 1 July 2026, the CNMV has issued a clear "comply-or-quit" directive. They began accepting applications in September 2024 and warned that firms failing to obtain authorisation by the final deadline will be barred from all activity.

Malta: The MFSA has integrated MiCA into its existing Virtual Financial Assets (VFA) framework. Firms already in their system have until the 2026 deadline but are expected to transition through a Simplified Authorisation Procedure.

Estonia: Currently follows the standard 18-month path to 1 July 2026.

Luxembourg: No earlier hard application deadline has been officially incorporated into the ESMA compliance table beyond the final 2026 cutoff. 

The "Orderly Cessation" Trap

For all these jurisdictions, if a firm misses its national application deadline (like the ones in Italy or Bulgaria), the legal requirement is to immediately begin an orderly cessation of business. This means stop taking new clients, stop new trades, and focus strictly on returning assets before the final 1 July 2026 cliff-edge

That wind lol

Countries with Confirmed Preliminary Deadlines

Italy: Requires one of the most proactive timelines. To benefit from the grandfathering period until 2026, existing providers must have submitted their formal MiCA authorisation request to the Bank of Italy and CONSOB by 30 December 2025.

Czechia: To maintain the 18-month "runway," firms were required to submit their full MiCA application before 31 July 2025.

Bulgaria: Entities that were listed on the national register between late 2024 and mid-2025 were required to submit their applications by 8 October 2025.

Denmark: This was one of the earliest "lock-in" dates; firms had to apply by 30 December 2024 to qualify for the extended transition period.

The winds blow a certain way............

Cyprus deadline was 27th Feb.

https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=3c2571bc-1e2f-4537-b139-bc6bdc375719

Https://www.esma.europa.eu/sites/default/files/2025-12/ESMA75-113276571-1631_Statement_on_end_of_MiCA_transitional_periods.pdf

Cyprus was the 27th February deadline for VASPS, I would imagine many took their lead from the French AMF, LT obviously closed nearly 3 months ago and Poland has no MiCA guidance to offer Polish VASPS at this time.

However the ESMA states in December comms orderly wind down plans if you do not expect MiCA and to treat last minute apps with suspicion……

Set out its expectation that CASPs not yet authorised under MiCA

Have implemented orderly wind-down plans for the services they provided in Member States in which the transitional period is over. o

Have orderly wind down plans in place ready for implementation ahead of the end of the remaining transitional periods in case they should not be authorised by then (or at all). ESMA expects that these plans should allow the CASP to carry out an orderly wind-down without causing undue economic harm to their clients (for instance, organising the transfer of the crypto-assets held for the clients to another authorised CASP).

Remind NCAs that they are expected to: o treat “last minute” applications for authorisation under MiCA with considerable caution and assess their compliance with MiCA upholding the same standard as for any other, including if that implies the applicant CASP must wind-down its crypto-asset services in (a) given Member State(s) or the European Union more widely while the application is assessed; and o be ready to (cooperate with one another to) enforce against the unauthorised provision of crypto-asset services

Hoping to get back to Thailand next week 2nd, Thong lo area BKK if you know ?

Only 5-7 days though

ESMA statement on MiCAR transitional measures

4 December 2025

The European Securities Markets Authority (ESMA) has issued a statement on the discretionary transitional regime for cryptoasset service providers (CASPs) that offered their services in accordance with applicable law prior to 30 December 2024, contained in the Markets in Cryptoassets Regulation (MiCAR). Member States may decide not to apply the transitional regime or to reduce its duration. Given the national divergence in transitional periods applicable across the EU member states,

'ESMA expects CASPs not yet authorised under MiCAR to have implemented orderly wind-down plans for the services they provided in member states in which the transitional period is over and orderly wind-down plans in place ready for implementation ahead of the end of the remaining transitional periods in case they should not be authorised by then'.

1. The "Orderly Wind-Down" Expectation

* The ESMA has issued official statements inviting all market participants to "anticipate the approach of the end of the transition period".

* It explicitly expects firms that will not be authorised by their local deadline to have implemented orderly wind-down plans well in advance. 

2. Supervisory Convergence (The "Copycat" Effect)

* The ESMA’s main goal is "Supervisory Convergence"—ensuring all 27 EU regulators act similarly.

* When a major regulator like France’s AMF sets a "best practice" date like March 30th, the ESMA encourages other national regulators to apply similar pressure.

The ESMA has instructed national authorities to treat "last-minute" applications with "considerable caution".

By supporting early cessation dates, the ESMA helps regulators identify which firms are "serious" about compliance and which are just trying to "squat" on their old licenses until the very last second.

For the children here.

Imagine you have a Sweet Shop (your crypto business), but a new rule says every shop needs a Super Special Golden License to stay open after July 1st.

The teacher (the Regulator) says: "If you know you won't get your Golden License by July 1st, you have to start closing your shop early so nobody gets hurt or loses their pocket money."

Here is how the 30th of March rule works for a nine-year-old:

1. The "Stop Selling Candy" Date (March 30th)

By March 30th, you can't invite new friends into the shop or sell new jars of candy. The only thing you are allowed to do is "Winding Down."

Winding Down means: You spend your time helping your friends take their candy and toys home.

The Rule: You only do what is "strictly necessary" (the super important stuff) to help people leave safely.

2. Why March 30th instead of June?

If you waited until the very last day (June 30th) to close the doors, it would be a big, messy panic!

Imagine everyone trying to run out of the door at the exact same second. People would lose their things, the door would get stuck, and everyone would be crying.

The teacher says: "Start the 'Goodbye Plan' on March 30th so you have three whole months to make sure every single person gets their money back before the July 1st 'Big Lock' happens."

3. What the shop tells the kids (The Clients)

On March 30th, the shop owner has to say:

"Hey everyone! We don't have our Golden License yet. So, from today, we aren't selling anything new. But don't worry! You have until the end of June to come and pick up your toys. Here is exactly how you can take them home safely."

So, why did Finferno pick April 15th?

They are basically saying: "We want to be extra good students. We will stop everything on April 15th so we have plenty of time to give everyone their stuff back before the July deadline."

The Simple Summary:

March 30th isn't when the money disappears; it’s the day the shop stops "playing" and starts "cleaning up" to make sure everyone gets out safely.

Do you think the "kids" (the clients) will be happy that the shop is closing early, or will they be worried about getting their "candy" (money) back in time?

For the adults.

So GST implemented its plan before the 30th March and has explained how clients can wiithdraw money from its services

Yeh you are right Kat, its not specific..... they need some sort of gtee from the regulator a very good completed app that even the regulator think they are going to approve in time and even then its vague.

The drop in GST is recognising that the likelihood of reapplying in the EU is very slim now.

IF they had a MiCA app in now or they were reapplying with a confimred strong app 'complete app' bake could have continued

GST with its withdrawal of services are confirming they defintiely are not applying q1 for MiCA and maybe not at all.

VASPs that anticipate not be in a position to continue their activities in compliance with MiCA on 1 July 2026 are invited to implement a plan for the orderly cessation of their activities and to carry out only strictly necessary operations for winding down their activities on 30 March 2026, at the latest. This plan should ensure an orderly cessation of the provider’s activities while protecting the interests of crypto-asset holders. It should therefore ensure that holders are able to recover their crypto-assets by transferring them to a CASP duly authorised to operate in France, or by selling them, with sufficient prior notice.

From the ESMA itself

'VASPs that anticipate not be in a position to continue their activities in compliance with MiCA on 1 July 2026 are invited to implement a plan for the orderly cessation of their activities and to carry out only strictly necessary operations for winding down their activities on 30 March 2026, at the latest'

Nice to see some posters back here 0134 Yeh GST been a giggle x;) Helps my autistic degen ways.........

CLSK what a mess that GST is, awful..........shows how easy it is to set up on LSE and be total bs tbh and was surprised they actually came out of suspension ealrier than they did but I bet they wish they had delayed that now !......... You still in COIN.PL ? I really like the YELLOW token they own at the current price it looks great value, too early to jump back in COIN.PL but do like YELLOW! does look lean on the ground, it was like a adult sweetshop picking winners last January they were everywhere and every one of them worked out well, this year much leaner, and crypto being centralised all ends up, which concentrates it and flushes out lots of small players. Which is what we have seen tbf.

Fun seems to be in oil and real mining atm

GST didn't close Finferno early because they wanted to; they closed because the Polish regulatory impasse made staying open legally and operationally impossible. If they didn't suspend now, they risked a forced shutdown by European regulators later, which would have destroyed their chances of ever getting a MiCA license in the future.

ESMA has publicly warned national competent authorities to demand orderly wind-down plans from any firm still operating unlicensed once transitional periods end. A last-minute or forced shutdown looks bad to every EU regulator.

Operationally, banking partners, payment rails, and counterparties are already tightening or withdrawing support for entities in legal limbo (a pattern seen across Poland’s crypto sector).

I did try to say when they bought this that cross border services are classed in a grey area with Polish VASPS, I am glad Tommy B has had a lightbulb moment they have bought a VASP they don't need from him, that is already corrupted with BAKE transactions and is the lightbulb a new VASP somewhere else lol

And sunny you should look harder at polish mans motives

Nawrocki has positioned himself as a "pro-innovation" ally to the crypto sector, though opponents suggest these ties may be more political or personal than purely legislative.

Political Allies: His veto has been strongly supported and influenced by Sławomir Mentzen, a prominent far-right leader, crypto advocate, and Bitcoin holder. Mentzen publicly met with Nawrocki to appeal for the veto, arguing the bill would "destroy" the local market.

Campaign Promises: During his 2025 campaign, Nawrocki pledged to reject "murderous regulations" and even floated the idea of a strategic Bitcoin reserve for Poland.

Allegations of "Sponsorship" Foreign Minister Radosław Sikorski has sarcastically accused the President of showing “touching loyalty towards sponsors” in the crypto industry, though specific financial links have not been formally proven.

Sunny so why didnt they try and build up the Polish Market? with the VASP ?

1800 VASPS in Poland equals how many MiCA

I think at one point Lithuania had 560 VASPS and only 4 of them came out with LT MiCA

Mouse because all the crappy VASPS have moved to Poland the KNF POLISH regulator equivalent to the BOL will follow the BOLs steps and be super strict on VASPS and THATS IF THEY EVER GET MICA REGULATORY FRAMEWORKS APPROVED IN PARLIAMENT

Tim says theyre reapplying in LT, Lol

Bake say theyre applying for MiCA in Poland Lol

And GST have said nowhere ATM just soon as possible.

I am glad its clear.

No, your simple brain is making it up that I am gloating.

What I have exhibited for the last 8 months in spite of the scorn ridicule and idiocy from many of you is a very clear picture of how this was going to go.......

You all gloated and group thinked and bullied me or anyone that had a different view to that group think ideal. Now its all fallen apart, you say that I gloat, maybe you could show good grace and apologise to me and admit you were wrong but we both know thats a bridge too far for you x I am not gloating here as some people have lost the lot and they have my sympathy.

I just wish I had tried a little bit harder tbh.