Regulatory Updates

Notice of  Withdrawal of Application for Virtual Asset Service Providers Licence by Stratos Tech Limited T/A Tradu

The Financial Services Authority (“FSA”) 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 licence application submitted by Stratos Tech Limited trading as ‘Tradu’, (“the Company”) on 23^rd December 2024 for approval under the Virtual Asset Service Providers  Act, 2024 (“the VASP Act”), has been voluntarily withdrawn effective 5^th October 2026.

The Company ceased servicing retail clients as of the 31^st December 2025, with total cessation of institutional client(s) having taken effect on the 9^th October 2026.

For further enquiries the members of the public may contact vass@fsaseychelles.sc.

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) to draw the attention of members of the public to a purported Virtual Asset Service Provider (“VASP”) licence bearing licence number VASP/2023/00001, displayed in the name of CRYPTOF.

The purported licence certificate bears the name and a similar emblem of the FSA and represents that CRYPTOF has been granted authorisation to conduct virtual asset services in or from Seychelles, with the licence alleged to have been issued on the 1^st January 2023 with a validity period of until the 31^st December 2029.

Members of the public are hereby advised that the license certificate being displayed was not issued by the FSA, and that the Company CRYPTOF is not authorised to offer Virtual Asset Services as listed within the forged certificate in or from Seychelles and does not hold a VASP license under the Virtual Asset Service Providers Act, 2024 (“the VASP Act”).

The company and platform are not known to the Seychelles FSA.

Investors and members of the public are also advised that the FSA Seychelles publishes a list of licensed and regulated entities on its website which can be viewed as follows https://fsaseychelles.sc/.

Lastly, the FSA Seychelles urges investors and members of the public to undertake adequate research and evaluation on an entity, service providers, and representatives prior to conducting business and/or performing any transactions involving money exchanges or exchanges of personal details. The FSA also reminds the public that the Authority accept no responsibility for persons who choose to continue or establish a business relationship with, or uses services provided by, the entity.

This notice is issued by the Financial Services Authority ("FSA") pursuant to section 4(1)(m) of the Financial Services Authority Act, 2003.

It has come to the attention of the FSA, through information available in the public domain, that an entity operating under the name Ascent General Insurance Company, also referred to as “AGI”, is holding itself out as being registered in Seychelles.

The FSA hereby informs the public that it has not identified any company registered in Seychelles under the name Ascent General Insurance Company. The entity is also not licensed, authorised or otherwise regulated by the FSA to undertake insurance business or any other licensable financial services activity in or from within Seychelles.

Accordingly, the FSA strongly urges members of the public to exercise caution when dealing with or considering any services offered by Ascent General Insurance Company or its representatives.

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 Greenline Enterprise Limited T/A Greenline for approval under the Virtual Asset Service Providers  Act, 2024 (“the VASP Act”), has been rejected effective as of the 14^th August 2025. Following the rejection, the company was formally instructed to cease all operations immediately or migrate its services out of the jurisdiction.

Any virtual asset-related services undertaken or offered by Greenline Enterprise passed the 14^th August 2025 amount to a breach of the VASP Act.

Where persons have engaged, or continue to engage, in such services offered by the Company, consumer protection measures may not be available. Any decision to use or participate in such services is made entirely at the user’s own risk.

For further inquiries or to report any related activities, please contact vass@fsaseychelles.sc.

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”), that the Securities Dealer Licence of Klips SC Ltd and that of the Securities Dealer Representative Licence of Mr. Asaf Elimelech have been surrendered as per the requirements of Section 30(1) of the FSA Act, effective October 5th, 2026.

This notice is issued by the Financial Services Authority of Seychelles (“the Authority/FSA”) drawing attention to platform known as “Assetara” accessible through the website https://assetara.ai/en  which is allegedly operated by Assetara Limited.

The public is hereby notified that the afore-mentioned company does not, nor has it had, any authorisation to operate under the Virtual Asset Service Providers Act, 2024 in or from the Seychelles.  As per the IBC register, Assetara Limited was incorporated on the 23^rd July 2025. To date, the Authority has not received an application from Assetara Limited for operations pursuant to the Virtual Asset Service Providers Act, 2024.

The FSA urges investors and members of the public to undertake adequate research and evaluation of an entity, service provider, and representative prior to conducting business and/or performing any transactions involving money exchanges or exchanges of personal details.

Consumers are reminded to always check whether the Virtual Asset Service Providers (“VASP”) 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. 

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the website https://bitbiv.com/ claiming to be a company registered in the Seychelles. The public is hereby notified that the afore-mentioned company does not presently have any authorisation for offering virtual asset exchange services, having failed to submit an application as required under the Virtual Asset Service Providers Act, 2024. The website has since been inactive.

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

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the platform Fiduciary International Limited, accessible through the website https://www.fintxpert.com/, which claims to be operated by the FIDUCIARY INTERNATIONAL LTD which is a Seychelles registered company authorised by the Seychelles. The public is hereby notified that the afore-mentioned company is not known to the Financial Services Authority in any capacity.

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

For further inquiries or to report any related activities, please contact vass@fsaseychelles.sc.

The Financial Services Authority (“the FSA/ 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 Bitfinity Ltd. trading as BitexBit (“the Company”) for approval under the Virtual Asset Service Providers Act, 2024 (“the VASP Act / the Act”), has been rejected as of the 11^th August 2026.

Bitfinity Ltd. was identified by the Authority as having been operating as a virtual asset service provider in or from Seychelles without the requisite licence or authorisation prior to and as at the enactment of the VASP Act on 1^st September 2024. As a pre-existing virtual asset service provider, the Company had the ability to, pursuant to the transitional provisions under section 42 of the Act, which required existing VASPs operators to submit an application for a licence by 31^st December 2024, in order to continue operations after the expiration of the period allotted for transitional period. Bitfinity Ltd. in failing to submit an application for the requisite licence was consequently not authorised to continue its service offering in or from Seychelles. Subsequently, the company was included in the Authority’s list of entities operating illegally, published on 14^th February 2025. Accordingly, the company was considered to be operating unlawfully as from 1^st January 2025.

In view of the Company’s continued unlawful operation, the Authority has since issued a Cease-and-Desist on the 30^th October 2025, with a targeted public warning that was published on the 4^th November 2025 in relation to the Company’s continued unlawful operations. Following the aforementioned publication, Bitfinity Ltd. submitted an application for a VASP licence to the Authority on 20^th November 2025, after the expiry of the prescribed transitional period. The application was subsequently rejected on the basis that it was incomplete, including the Company’s failure to remit the prescribed application fee.

The public is hereby advised that the services offered by Bitfinity Ltd. prior to and as at the date of this publication are illegal and in direct violation of the VASP Act, 2024. The public is strongly advised to refrain from engaging in any transactions with Bitfinity Ltd. to avoid potential legal and financial risks. Any such engagement shall be done at your own risk.

The Financial Services Authority is actively undertaking necessary enforcement actions against Bitfinity Ltd. and any associated individuals or entities involved in the continued illegal operation.

For further inquiries or to report any related activities, please contact 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 "TFI Consulting SA INC", operating under the trade name ProSignal Trades which is claiming to be licensed and regulated by the Seychelles Financial Services Authority. 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 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.