This notice is hereby issued by the Financial Services Authority (“FSA”) drawing attention to the website https://www.btcsquare.net/ operated by Inside Invest Inc incorporated under the International Business Companies 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 is simply incorporated.
The FSA further wishes to advise that confirmation has been received from the original project owners that the legitimate platform has ceased operations and that they have no affiliation, involvement, or association with any duplicated, cloned, or impersonating websites using similar branding, content, or representations.
Members of the public are therefore advised to exercise caution when engaging with any websites claiming an association with the original project.
Consumers are reminded to always check whether the Virtual Asset Service Provider (“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 authorized or licensed to offer non-bank financial services, including virtual asset services as well as the registration of Initial Coin Offerings or Non-Fungible Tokens.
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. Interested parties seeking further confirmation regarding the original project may contact Inside Invest Inc at insideinvestinc@gmail.com .