This notice is hereby issued by the Financial Services Authority (“FSA”) drawing attention to the website https://turboxbt.com/ allegedly operated by TURBO TICKS TECHNOLOGY LIMITED previously 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. The company was simply incorporated in Seychelles under the International Business Companies Act.
The company has since been found to not be in good standing and was dissolved as of the 18th December 2024, and is therefore no longer an active legal entity as per the FSA’s records.
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 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.