Member Info for encephalopathy

Two (almost) out of three pillars aint bad.

'With the Angra and GS20 Exchange platforms in place and properly integrated, ongoing discussions with the FCA regarding the Company's UK stablecoin plans, and further progress being made on the development of the Company's GS Money solutions, coupled with the disposal of EMS, GST has come a long way in a short period of time.

Additionally, the recently announced proposed acquisition of PAYPT, which is only subject to FINTRAC's approval of the change of control, will pave the way for the Group to launch a multi-currency e-wallet service and enable Angra to issue Sterling local accounts and Euro SEPA IBAN accounts to its clients, thereby providing a comprehensive one-stop business banking solution.'

How long will paypt transfer take? Is the uk approval so pivotal anymore or will gs money wallet go live before that?

Thank you AimHigherStill, good article, its going to be so interesting how GST develops over the next 4-6 months

Educational need for me here. Would appreciate if anyone knows? Thanks

Coal currently v cheap, if this is going to be the stablecoin used would it be pegged to the pound? 1 coal =1 pound.

And if gst have 100 million coal then the company automatically valued at that when that happens.

Would the treasury have to recognise coal.value or would it go on its current market value but it couldn't fluctuate anymore?? Sorry if this is way off but how does the company backup customers money 1:1 with fiat currency?

Dec 21

GST has received 100 million COAL tokens from Wise MPay and enabled the COAL token staking capability on four full nodes managed by the Company.

· The value of the COAL tokens provided by Wise MPay, as one of their deliverables under the collaboration agreement, is approximately £475,000 at the current COAL token trading price.

· This follows the successful launch of the GS Money protocol on the Coalculus blockchain platform as announced on 30 November 2020.

GST announced its collaboration agreement with Wise MPay, a Singaporean blockchain payment solutions provider, on 28 May 2021, under which Wise MPay is providing the Company with software and services, including the 100 million COAL tokens, to support the Company's plans to develop a neobanking platform to provide next-generation digital money solutions.

GST is pleased to have now achieved its latest milestone through its active participation in the Coalculus decentralised blockchain network by actively running four full nodes that contribute to network security and stability, transaction validation and overall decentralisation. This move is aligned with the Company's Directors belief that proof-of-stake (PoS) systems have progressed to a point that they have become the de facto market solution to secure large scale blockchain operations using negligible energy resources and without having to maintain expensive hardware; for that same reason staking is believed to be a potentially significant opportunity for GST and also potentially for its future clients.

This follows the successful testing of all four of the enterprise chains provided by Wise MPay (representing four digital currencies pegged to the US Dollar, the Pound, the Euro, and the Yuan), and the launch of the GS Money protocol, as announced on 30 November 2021. The four enterprise chains work alongside one another to form a decentralised and highly efficient multicurrency cross border payment system for digital transactions that utilise the Coalculus blockchain ledger technology. Additionally, as previously announced, each enterprise chain's total supply will allow GST to issue up to 10 billion digital currency units.

Tone Goh, Chairman of GST, commented: "We are excited to be involved in securing the Coalculus blockchain platform and picking up new digital asset staking capabilities for the Company. Whilst our proposed acquisition of Angra goes through the FCA approval process, the team is wo

Nice

We have been becalmed from Sept when sandbox ambition was announced.

Only bit of news was Glindala/lithuania/GS20. Feb when application made then

the wait. This is still a virgin company on the lse, I'm sure the apps etc are

ready to go. Why not just go live. Does the base have to be the uk? How long will this new route take.

Too long without news, We need some, angra,gs20, ai progress, Acquisition. Come

On lads, Patience thin here, time to communicate/interview and promote.

A question, how does it work? Do GST hold the reserves, is this physically, nominally, assets. Or is it the treasury under agreement. Is it following a round of funding?

Is there a similar eurozone fca process? Would gst seek this or us that necessary ? I'm aware they have a similar almost simultaneous bill. Or once GST have uk approval then that will be their business base and money transfer will be through UK although will clearly be bidirectional within those currencies, yuan, dollar,euro, pound. Would be good to know hiw much business angra have, gs20nalso.

Commenting on the developments, GSTechnologies stated: “With the Angra and GS20 Exchange platforms in place, the FCA Regulatory Sandbox application being progressed, and continued progress being made on the development of the company's GS Money solutions, the company remains well positioned as a global fintech group to generate significant value from its suite of GS Money solutions.”

What's not to like, so much to come, few great rns's regarding updates and wait until Gsend and GSmoney wallet are released.

FCA meeting and press release lunchtime. Hope so

I agree, the regulations will get passed with ammendments etc gst will be ready to comply with whatever. FCA sandbox/GST decision is not inherently tied to the bill, just that gst will have to comply with it.

Sorry, don't see anything on HOL feeds re this, can you share a link.

Possibly LSE 800m to 1b valuation at IPO. Completing sandbox GST be offering similar services with a current mcap of 21m, potential is obvious.

Yikes, would clearly not wold.

Crypto bill is aligning perfectly, may may to wait a week for news but it seems to me GST are the offering a new startup firm without baggage asking to work with and be guided by the fca adopting their regulation to get this right. GST have a base in Malaysia and oz(how much big money moves there between China and Oz?). They have an exchange still ticking in soft launch, I guess also waiting for this and angra already delivering fx ?with blockchain via gs20. All good.

Filtered along with 88. Sucking the fun or what

To clarify, gst have an api license through acquisition of angra.

https://www.gstechnologies.co.uk/post/conditional-acquisition-of-angra-limited

Who was it that said "I can feel it in my waters" ?

Daily about 2 years ago. Its taken this long but I agree, "I can feel it in my waters!" Good week coming!

I'm guessing Thursday fca meeting and news Friday.I think it's usually been a Thursday meeting, none from Dec now!

There ls lots to come. Angra update, gs20 platform update re soft launch and where its going. Plan for gsmoney testing with sandbox, uk crypto bill finalised - GST ticking all boxes, Amaris, Acquisition etc etc bring it on

Can anyone inform. I've been trying to research but can't find the answer. What happens to the free stock when a company changes its broker? Is this the reason there have been sustained selling? One broker buying the stock from another, Just a thought, probably not. Would like to know, there has been sustained selling which seemed out of keeping with day trading, with the potential here and with the news. CMC appointed 'with immediate effect' why the need for a new broker? new customers, much bigger customer base, funds/fund managers etc wouldn't that be good if they bought and held, appreciate the company still too much of a risk as yet. Just musing, please excuse. Thanks, hoping for an educated reply.

Will this get us up to 2p before the actual news? Hope so!

Fca website:

Regulatory Sandbox tests

Firms that are eligible for the Regulatory Sandbox will have a dedicated case manager to provide support in the development and implementation of a test.

Sandbox tests are expected to have a clear objective and a clear positive impact on consumers.

They are typically conducted on a small scale, for a limited duration, with a limited number of consumers