RE: What’s the delay with semnet? Well overdue now12 Feb 2026 09:04
Aml, kyc protocols are important as is security. Europe is not the absolute as they are based in Singapore however they alao have a lithuanian base and now Poland, which is buying time. GS20 is primarily Lithuanian, after the aquisition of glindala some years ago. It has been spelled out to them the requirements needed, they already had Penikiene onboard. Last year they integrated the backend bake/gs20 with plans for a new frontend - we saw this transiently with the bake exchange minus any pr. This is being kept small, I think, until they have approvals, what regulator wouldnt like the presentation of a compliant exchange, ready to go.
There is so much potential here, with bake, with bake exchange, with Angra global, with gsfintec. Why blow your own horn before you are approved.