This notice is hereby issued by the Financial Services Authority (“FSA”) drawing attention to the website https://satoshidex.ai/ and the ‘$SATX’ token of which it is being offered by Satoshi Labs Ltd, a company incorporated under the International Business Companies Act. The public is hereby notified that the aforementioned company does not, presently have any authorisation for the issuance, having failed to submit an application to register the token offering.
The company is simply incorporated in Seychelles under the International Business Companies Act and has since been found to not be in good standing due to unpaid annual fees due to the FSA.
Furthermore, the FSA Seychelles urges investors and member of the public to exercise adequate research and evaluation on an entity, service providers, and representative prior to conducting business and/ or performing any transaction involving money exchanges or exchanges of personal details.
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.