RE: It’s 3%12 Jun 2024 17:13
Getting all excited now the more I think about it !! GS Fintech was created when Sandbox was applied for and has been dormant since and now they file 6 months before they need to. Copied from an old RNS....
"GSTechnologies Limited (LSE: GST), the fintech and information technology solutions company, is pleased to announce that the Company has appointed Pinsent Masons LLP as its legal advisor to assist with the Company's stablecoin application for admission to the UK Financial Conduct Authority ("FCA") Regulatory Sandbox. Founded on the precept that innovation and technology can benefit consumers and the financial services industry, the FCA Regulatory Sandbox provides a production environment for firms to test innovative propositions in the market with real consumers.
To assist with the FCA Regulatory Sandbox application process, the Company has appointed Pinsent Masons LLP as their legal adviser. The application is intended to be submitted by GST's UK incorporated blockchain focussed business unit, GS Fintech Ltd ("GS Fintech"). The Pinsent Masons team will advise GS Fintech on its application to the FCA, including helping in refining GS Fintech's stablecoin business plan. They will also support GS Fintech's activities in ensuring the proposed technical and operational procedures are compliant with all electronic money and relevant payments regulations in the UK."