Regulatory Updates

The Financial Services Authority (“FSA/Authority”) hereby gives notice to the general public, pursuant Section 4(1)(m) of the Financial Services Authority Act, 2013 (“FSA Act”), the accreditation of Mr. Yong Ning Hu as the Representative of GC Group Ltd has been terminated, effective as of July 1st, 2025.

The Financial Services Authority (“FSA/Authority”) hereby gives notice to the general public, pursuant Section 4(1)(m) of the Financial Services Authority Act, 2013 (“FSA Act”), the accreditation of Mr. Franck Corouna as the Representative of Modmount Services Limited has been terminated, effective as of September 18th, 2025.

The Financial Services Authority (“FSA/Authority”) hereby gives notice to the general public, pursuant Section 4(1)(m) of the Financial Services Authority Act, 2013 (“FSA Act”), the accreditation of Mr. Nicos Kezarides as the Representative of TouchStone Markets Limited has been terminated, effective as of September 18th, 2025.

The Financial Services Authority (“FSA/Authority”) hereby gives notice to the general public, pursuant Section 4(1)(m) of the Financial Services Authority Act, 2013 (“FSA Act”), the accreditation of Mr. Charilaos Charogiannis as the Representative of Leadcapital Corp Ltd has been terminated, effective as of September 18th, 2025.

The Financial Services Authority (“FSA/Authority”) hereby gives notice to the general public, pursuant Section 4(1)(m) of the Financial Services Authority Act, 2013 (“FSA Act”), the accreditation of Mr. Lenny Mbiga Ngatia as the Representative of TGG International Ltd has been terminated, effective as of September 18th, 2025.

The Financial Services Authority hereby issues this public statement, in line with section 28 of the Financial Services Authority Act, 2013 to notify the public that the Virtual Asset Service Providers Application submitted by Peken Global Limited trading as Ku Coin for approval under the Virtual Asset Service Providers (VASP) Act, 2024 (“the Act”), has been rejected  effective as of the 4^th June 2025. The company was formally instructed to cease all operations immediately or migrate its services out of the jurisdiction.

The public is hereby advised as to Peken Global Limited having opted to migrate its service offering outside of the Seychelles, and has successfully redomiciled.

For further enquiries as the transition, please contact vass@fsaseychelles.sc.

The Financial Services Authority hereby issues this public statement, in line with section 28 of the Financial Services Authority Act, 2013 to notify the public that the Virtual Asset Service Providers Application submitted by BTSE Holding Limited trading as BTSE for approval under the Virtual Asset Service Providers (VASP) Act, 2024 (“the Act”), on the 31st December 2024 rejected as of 24th July 2024. The company was formally instructed to cease all operations immediately or migrate its services out of the jurisdiction.

BTSE Holding Limited has since informed the Authority of its acquisition by BTSE GLOBAL LIMITED SOCIEDAD DE RESPONSABILIDAD LIMITADA a company incorporated with limited liability under the laws of the Republic of Costa Rica. Effective the 2nd July 2025 all present day users serviced by BTSE Holding Limited are migrated to the company incorporated under the laws of Costa Rica.

For any further enquiries, please contact the FSA on vass@fsaseychelles.sc or BTSE Holding Limited on support@btse.com.

The Financial Services Authority (“FSA/Authority”) hereby gives notice to the general public, pursuant Section 4(1)(m) of the Financial Services Authority Act, 2013 (“FSA Act”), the accreditation of Mr. Marios Zantis as the Representative of SUXXESS FX LTD has been terminated, effective as of September 12th, 2025.

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the entity Virtu Markets Ltd, utilizing the website "https://virtu.markets/" and the fact that the aforementioned entity and website is not linked to any entity licensed or regulated by the FSA in any capacity. 

The Authority urges investors and members of the general public to conduct adequate research on an entity, service provider(s), and representative prior to engaging in any business activities and/or performing any transactions involving money exchanges or exchanges of personal details. The FSA reminds the public that the Authority shall not be liable should persons continue to engage or maintain client relationship or make use of services provided with or by the aforementioned website.  

Scam Alert: Unauthorized use of website (the “unlawful website”)

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the website "https://bullcrestcopy.com"and the fact that the aforementioned website is not linked to any entity licensed or regulated by the FSA in any capacity. 

The Authority urges investors and members of the general public to conduct adequate research on an entity, service provider(s), and representative prior to engaging in any business activities and/or performing any transactions involving money exchanges or exchanges of personal details. The FSA reminds the public that the Authority shall not be liable should persons continue to engage or maintain client relationship or make use of services provided with or by the aforementioned website.