I suppose if there were some actually relevant news, like Lykke had received ANY license to trade other than a "Vanuatu brokerage license" the LKK price would react. But while I believe Lykke's US rep went so far as to anticipate imminent US regulation in the months ahead during the online AGM (from his laptop at the airport), I view this as unsubstantiated, unprofessional and misleading. He doesn't know IF AND WHEN US regulators will give him approval. What if they do not? What is Lykke's business case then?
This is how a lot of regulators I know work: You apply for a license. They examine your application, and if they're favourable or unfavourable they'll give preliminary written feedback, which of course is market sensitive information and will be immediately released by the company in question. Then later the regulator usually - not always - follows up with a final determination granting or not granting, as the case may be.
Lykke has "got people on it". How we get from that to publically stating likely timeframes within periods of months I don't know - or rather I do: that's what the person promising speedy regulatory approval hopes for. What you hope for isn't likely, and shouldn't be presented to investors as such. I think Lykke's hopes of licensing is an example of this. But let's look at another example, the Winklevoss brothers ETF application. It was rejected. Then a whole lot of "news" outlets in the crypto space started reporting the "news" that the SEC will "review" its decision. This isn't "news", it's a statutory obligation the SEC must offer to ALL applicants whose applications are not frivolous.
I do not like Coindesk, Cointelegraph or whatever manipulating the true nature the situation (eg. the SEC rejection of Winklevoss' ETF) to paint a picture not really aligned to reality. I like even less Lykke which claims to want to be a major financial exchange doing it. To me it's just like manipulation at every level - on the LKK price which users can't control, and then on the roadmap.
I don't agree with you but I've seen and perceived the same myself, a sense of expecting too much out of Lykke (at least now). Lykke has many advantages but also disadvantages compared to established companies we already named in past posts. As a brand, their service, app and site is very professional (even more so than its competition) so I think for many users they are "let down" when they find that this is a new industry and mistakes, delays, technical issues will happen. We can't overlook that and expect perfection every single time. But Tempus already asked you from where did you get these false expectations other than yourself? So again you are speculating and stating facts or shouting "manipulation" when you have no clear proofs or evidence that a team member promised something that it's deceitful or unachievable. Personally this is my main beef with you, I appreciate that you are willing to be the voice of dissent as it's very much needed sometimes but not by relying on these tactics which borderline FUD.
I've said many times how companies like Coinbase, Xapo, Kraken, Poloniex and many others are flooded with support tickets and issues. These are 100% centralized services making a killing in profits in most cases. Lykke is still building its infrastructure and onboarding new users slowly, learning what it takes to become one of the giants. It also aims to provide more benefits than these other companies in terms of security, convenience, fiat ramps and direct ownership.
That's not an easy thing to do by any means, that's the bottomline here but Lykke is the only one I know that it's actively working on doing all that and getting more traction month by month.
