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 Elysphere Ltd trading as Elysphere for approval under the Virtual Asset Service Providers (VASP) Act, 2024 (“the Act”), has been refused effective as of the 10th September 2025. The company was formally instructed to cease all operations immediately or migrate its services out of the jurisdiction.
For further enquiries as the transition, please contact vass@fsaseychelles.sc.