GSTechnologies has announced a temporary halt to its crypto asset trading services from 15 April as the company moves to align its operations with incoming European regulation.
The fintech said the suspension affects services operated through Finferno, the VASP-registered Polish entity that took over GS Fintech UAB’s trading platform at the end of last year.
GST noted that while trading can legally continue under that structure until 30 June, it has “determined that the Company’s crypto asset trading activities should be aligned with the requirements of the EU Regulation on Markets in Crypto-Assets (‘MiCA’) as soon as possible.”
As a result, Finferno will “temporarily suspend all services relating to the trading of crypto assets” from mid-April. The company said the suspension will stay in place until a MiCA licence has been secured. Finferno’s Terms of Service will also be updated to reflect the pause, taking effect on the same date.
GST said users are being informed of the change and that further updates will be issued “in due course, as appropriate.”
