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 GBM Global Inc. trading as BitMart for approval under the Virtual Asset Service Providers (VASP) Act, 2024 (“the Act”), has been rejected effective 14th September 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 GBM Global Inc. having opted to migrate its service offering outside of the Seychelles and has successfully redomiciled.
For further inquiries or to report any related activities, please contact vass@fsaseychelles.sc.