Why BSV Bank Runs on the 1st and 15th of every month are im…

Why BSV Bank Runs on the 1st and 15th of every month are important
GST a small UK company recently purchased crypto platform Bake from receivers, failed to obtain an EU trading licience and shut down operations:

Important Update Regarding Bake
Updated 15 April 2026
We would like to inform you that following the decision outlined in our Customer Statement, all services related to trading in virtual currencies have been suspended as of 15 April 2026.
As of this date all crypto-asset funds accumulated in users' accounts have been converted into US dollars (USD) at the exchange rate effective on April 15, 2026. The converted US dollars are deemed as undistributed funds.
We will transfer these undistributed funds to the Custodial institution, which will be responsible for the safekeeping of funds and the execution of withdrawals.