Regulatory Updates

The Financial Services Authority of Seychelles (“FSA”) is issuing a notice to its investors, licensees, and members of the general public to the company "Snap Technology Limited", operating on the website "https://www.crypto-cion.com/app/#/">https://www.crypto-cion.com/app/#/" and the fact that the aforementioned company 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.

This notice is hereby issued by the Financial Services Authority (“FSA”) drawing attention to the website https://satoshidex.ai/ and the ‘$SATX’ token of which it is being offered by Satoshi Labs Ltd, a company incorporated under the International Business Companies Act. The public is hereby notified that the aforementioned company does not, presently have any authorisation for the issuance, having failed to submit an application to register the token offering.

The company is simply incorporated in Seychelles under the International Business Companies Act and has since been found to not be in good standing due to unpaid annual fees due to the FSA.

Furthermore, the FSA Seychelles urges investors and member of the public to exercise adequate research and evaluation on an entity, service providers, and representative prior to conducting business and/ or performing any transaction involving money exchanges or exchanges of personal details.

The Seychelles continues to monitor activities within this domain and the public is encouraged to notify the FSA where they may feel they are engaging with VASPs that are operating without the proper licence or authorisation by making use of the form available on the FSA website at the following link: https://fsaseychelles.sc/vasp/report-suspected-unauthorized-or-unlicensed-va-vasp-activity. 

For any further enquiries, please contact the FSA on vass@fsaseychelles.sc. 

The Financial Services Authority of Seychelles (“FSA”) is issuing a notice to its investors, licensees, and members of the general public to the company "Xtrade", operating on the website https://www.xtradevip.com">https://www.xtradevip.com,  which is claiming to be licensed and regulated by the Seychelles Financial Services Authority under the license number "SD034". Please be advised that the entity is not known, does not hold a valid license nor is it regulated by the FSA in any capacity. The aforementioned license number is linked to another entity licensed and regulated by the FSA. 

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.  

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the website "https://www.cm-tradingpro.com/">https://www.cm-tradingpro.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.

The Financial Services Authority of Seychelles (“FSA”) is issuing a notice to its investors, licensees, and members of the general public to the company "Copypro Market Ltd", operating on the website "https://copypromarket.com/">https://copypromarket.com/" which is claiming to be licensed, authorized and regulated by the Seychelles' Financial Services Authority under the license number "SD031". 

Please be advised that the entity is not known, does not hold a valid license nor is it regulated by the FSA in any capacity. Please be advised that the abovementioned license number is linked to another entity licensed and regulated by the FSA. 

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.  

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. Nir Yosi Elbaz as the Representative of Quantix FS Limited have ceased, effective January 16th, 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. Michael Andrew Paul as the Representative of 4 Sqaure SY Limited have ceased, effective April 23rd, 2025.

This Public Statement is issued by the Financial Services Authority (“FSA”) to inform members of the public as to the company MEXC Global Ltd being dissolved in the Seychelles.

The above named company was initially incorporated as an International Business Company under the International Business Company Act, 2016 on the 18th February 2020. The company was later struck off on the 17th August 2023 and automatically dissolved on the 18th December 2024. The FSA wishes to advise the public as to the fact that the company does not, nor has it ever had any authorisation to operate under the Virtual Asset Service Providers Act, 2024 (“VASP Act”) and was simply incorporated.

Prior to the enactment of the VASP Act, entities offering virtual asset related services, were not obligated to apply and or obtain authorisation or a licence in order to undertake the services rendered.

However, with the VASP Act coming into effect on the 15th September 2024, entities previously operating could apply for a licence in order to continue operating post the end of the transitional period (i.e. 31st December 2024). With the company being dissolved, MEXC Global Ltd, did not nor has it applied for licence.

The Seychelles continues to monitor activities within this domain and the public is encouraged to notify the FSA where they may feel they are engaging with VASPs that are operating without the proper licence or authorisation by making use of the form available on the FSA website at the following link, https://fsaseychelles.sc/vasp/report-suspected-unauthorized-or-unlicensed-va-vasp-activity.

For any further enquiries, please contact the FSA on vass@fsaseychelles.sc.

Financial Services Authority

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the website "https://pc.fxgtpeo.cc/#/" 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.  

This notice is hereby issued by the Financial Services Authority (“FSA”) drawing attention to the website https://coinsbit.io/ allegedly operated by Coinsbit Inc. previously incorporated under the International Business Companies Act, 2016 (“IBC Act”). The FSA wishes to advise the public as to the fact that the company does not, nor has it had any authorisation to operate under the Virtual Asset Service Providers Act, 2024 and was simply an international business company (“IBC”) incorporated under the IBC Act.

The company has since been struck off and was dissolved as of the 18th December 2024, and is therefore no longer a legal entity.

Consumers are reminded to always check whether the Virtual Asset Service Providers or Virtual Asset products being offered to them are actually licensed/authorized and regulated in the jurisdiction from which they claim to operate. To note, the FSA publishes upon its website all persons authorised or licensed to offer non-bank financial services, including virtual asset services as well as the registration of Initial Coin Offerings (“ICO”) or Non-Fungible Tokens (“NFT”).

The Seychelles continues to monitor activities within this domain and the public is encouraged to notify the FSA where they may feel they are engaging with VASPs that are operating without the proper licence or authorisation by making use of the form available on the FSA website at the following link, https://fsaseychelles.sc/vasp/report-suspected-unauthorized-or-unlicensed-va-vasp-activity.

For any further enquiries, please contact the FSA on vass@fsaseychelles.sc.