Gstechnologies Share Discussion Threads

[johnjames876] 06/7/2023 14:48

Soon 0.003

[johnjames876] 06/7/2023 12:21

Waiting the tr1 muppet to declare he is out

[roberth176] 06/7/2023 11:55

The only reason people were buying was sandboxNow thats deadIts over

[cahus] 05/7/2023 15:40

Well that happiness didn't last long

[cahus] 05/7/2023 11:58

Good to see blue for a change

[1choip] 30/6/2023 12:45

Rrr has fired up

[bri15] 30/6/2023 11:31

They haven't long raised funds for another venture so i topped up big time here hoping for good news on that soon.

[tomboyb] 30/6/2023 10:49

Big monies thrown on this one -

could even go 0.80p+ -

[tomboyb] 30/6/2023 10:44

Trade to 0.70p -

[tomboyb] 30/6/2023 10:43

GSTechnologies Limited

("GST" or the "Company" or the "Group")

Stablecoin Update

GSTechnologies Limited (LSE: GST), the fintech company, provides an update on the Company's stablecoin application for admission to the UK Financial Conduct Authority ("FCA") Regulatory Sandbox (the "Application"), as announced on 20 February 2023.



The Company has been informed by the FCA that they have concluded that the Application does not currently meet the FCA's strict criteria for admission to the FCA Regulatory Sandbox. As an alternative the FCA have offered the Company a place on their Innovations Pathway programme, an initiative designed to support financial services firms in launching innovative products and services, which the Company is pleased to accept.



Under the FCA Innovation Pathway programme, the Company will be provided with a dedicated FCA case officer, with a comprehensive range of support services, designed to assist GST to further develop the appropriate path for the progression of its stablecoin plans. This may involve a future Regulatory Sandbox application or preparation for regulatory authorisation without the need for supervised testing.



The Company will make further announcements in due course, as appropriate.



Tone Goh, Chairman of GST, commented: "Since the launch of GS Money stablecoins in late November 2021, we have made considerable progress, not only in this area but also with our other GS Money offerings. Although we initially viewed admission of our stablecoins to the FCA Regulatory Sandbox as an ideal next step, we understand and appreciate the FCA's rigorous admission criteria. Therefore, we are very pleased to have been offered a place on their Innovations Pathway programme. This opportunity will enable GST to benefit further from the guidance of the FCA and I would like to thank them for their assistance and feedback through the application process. We do not view this as a setback in any way, but rather as an alternative and appropriate pathway offered by the FCA. We look forward to providing further updates, as appropriate, as we progress."



Enquiries:

[1choip] 30/6/2023 09:05

100% upside easily

[1choip] 29/6/2023 09:33

CAB on IPO valued 850m

[roberth176] 26/6/2023 13:43

0.7s coming

[zxie] 22/6/2023 19:16

Rise tomorrow

[johnjames876] 22/6/2023 11:16

Not looking good