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Jiffy, Im glad that you have go through the prospectus in detail. I dont think many ppl out there really spend time reading it, and just keep waiting on the news to come. I think they should believe in what they are investing, instead of guessing.
I just want to add one more thing which I felt is important and crucial for EMI license.
Glindala’s Crypto Currency Exchange Licence covers TWO types of crypto activities, cryptoasset exchange services, both crypto-fiat and crypto-crypto, and cryptoasset depository wallet services, including generating and storing encrypted client keys.
plus because of UK brexit, Lithuania see the opportunties as the crypto Hub for Europe, and GST see the opportunity as well, and have the necessary licenses inorder to operate in full potential.
My thoughts on the timeframe is due to factors around the region not just the WAR and Macroeconomics but also EU regulations around crypto, fiat on/offramps and adherence to strict KYC and AML laws.
I like to spend time understand the business instead of waiting for new daily. if anyone dont understand the business i suggest to put the money else where.
Enjoy the weekend everyone.
just my opinion, UK/Europe will be the first integrating stablecoins to their financial system. UK gov strongly backed digital currency / Stablecoins. So no matter how long we wait, we are still ahead of the game, but hopefully not too long... because others are catching up .
Fiat Collateralised stablecoin is the way to go in my opinion, this way it is easier to get regulated by the FCA.
Such reserves are maintained by independent custodians and are regularly audited.
the recent Terra crash is due to algo stablecoin
The difference is that a central bank like the Federal Reserve sets monetary policy publicly based on well understood parameters, and its status as the issuer of legal tender does wonders for the credibility of that policy.
Algorithmic stablecoin issuers can't fall back on such advantages in a crisis. The price of the TerraUSD (UST) algorithmic stablecoin plunged more than 60% on May 11, 2022, vaporizing its peg to the U.S. dollar, as the price of the related Luna token used to peg Terra slumped more than 99.xx%
GST is on the right path.
Nium ceo believe nium will be a $10 billion business in next 5 years. currently i believe they are $100M revenue business.
https://www.youtube.com/watch?v=5yOGOf8OjIU