Member Info for Enki

Last call to the doomers get buying, you know you want to. MiCA any day now and interims too. It is getting exciting again, the anticipation is making me salivate.

Parker said there may not be a meeting this year? Let's see what bait is used today.

Working extra hard with the Cheboleaux today.

"The Bank of Lithuania has set a shortened national transitional period, requiring all existing VASPs registered before December 30, 2024, to obtain a MiCA license by the end of 2025, rather than the maximum EU-level deadline of July 2026"

What's your sauce?

Chaebol, as far as I understand we are still in 2025? No Vasps can continue to operate without CASP from 1st Jan.2026 in Lithuania. I'm very optimistic like Shayne, "hoping it will be wrapped up soon". Especially since they answered the queries regarding the parent ownership structure since about the first half of November.

Potnak ;-), they'll (BOD) will use AI scrpted answers touchez. I'm sure Parker was one them Robo Chairmen from last years effort.

Stella. The interims are due on or about the 18th, what you on about. Just a small qualification to my response to Zag. We have a very tight BoD, rest assured they have invested a great deal of time and money in this.

Stella. The int

Zag your starting to talk sense. I gave you a tick up!

im thought i had wandered on to the chae****** board for a minute. bol have a reputation to project. i think i will wait for news from them thanks.

Zag, the most considered deduction you have made to date -;)

Bfd, my screen often shows full on green.

Could be news before that Billy or it'll be in the blockbuster on the 18th

There appears to be a separate, unrelated entity also referred to as "SEAM" (a surrogacy escrow company) which is reportedly under FBI investigation.

What the rules say

BoL guideline 2024/03:

“A crypto-asset service provider that has not obtained authorisation before 31 December 2025 must, at the latest on 15 December 2025, inform its clients of the date on which it will cease to provide crypto-asset services and of the arrangements for the return of funds and crypto-assets.”

MiCA Art. 138 (echoed in Lithuanian transposition):

Same 15-day “wind-down notice” if the firm will not be grandfathered.

What GST.L itself did in Singapore

When MAS refused to renew the temporary exemption for Bake.io and GS20 in August 2023, the group:

issued an RNS the same day,

emailed every verified user within 24 h,

opened a 30-day withdrawal window, and

kept the warning banner on the exchange homepage until the last account was zero.

That pattern shows management do not sit on bad regulatory news.

Today’s observable facts

No customer-facing notice on either bake.io or gs20exchange (checked 4 Dec 2025).

No “We may cease trading” risk-statement in the 30 November 2025 T&C update.

No new RNS since the 20 November interview.

No “intended cessation” filing in the Lithuanian company register.

Inference

Because:

(a) the statutory notice deadline (15 Dec) is only eleven days away,

(b) the group has a proven track-record of immediate customer disclosure, and

(c) absolutely no wind-down communication has appeared,

the most rational conclusion is that management still expect to be inside the grandfathering window.

A refusal would already have triggered the legally-required customer warning; the complete absence of one is therefore a strong confirmatory signal that the file is still live and approval is the base-case scenario.

Righto;

Given:

the appointment of a Lithuania-resident CEO on 9 Sep (strong signalling),

the confirmation that ownership Q&A is already answered,

the BoL’s own processing statistics, and

the still-substantial buffer of 27 calendar days,

the likelihood that GS Fintech UAB receives its CASP licence before 31 December 2025 is HIGH (≈ 80-85 %).

Silence at this stage is normal; the BoL does not pre-announce approvals. Unless a new regulatory round-trip appears in the next two weeks, the base-case expectation should be a quiet RNS from GST.L some time between 15 and 30 December stating that GS Fintech UAB has been authorised as a CASP by the Bank of Lithuania.

GLA

AHS. Get the machine going to remind people of the value ( hidden in plain site) here

I'll be looking in but very busy few days ahead , maybe look in and rejoin on the next RNA. I'm hoping for Wednesday or Thursday.

GLA and ATB

Next week is when the mousetrap clicks, baited with MiCA

Billy my hunch is next week. I'm going for Wednesday for a MiCA announcement. Shayne was positive about the review and gst sent back the queries on ownership structure of the parent company a few days prior to the Podcast.

Been totally away from the BB, Sparky it is over 10 companies under consideration for CASP in Lithuania, see;

https://www.lb.lt/lt/naujienos/lietuvos-bankas-kriptoturto-paslaugu-teikejai-turi-atsakingai-apsispresti-del-veiklos-ir-informuoti-klientus

"cyber security is our North Star" Shayne Tan.

I think Shayne's metaphor is better described as , our cyber security is a shining star which other companies look up to . I'm sure that is what he meant to convey.