This notice is issued by the Financial Services Authority of Seychelles (“the Authority/FSA”) drawing attention to platform known as “Bitrue” accessible through the website https://www.bitrue.com/ which is operated by straLink Innovations Technologies Limitada.
The public is hereby notified that the afore-mentioned company does not presently have any legal or operational nexus to Seychelles despite claims made on various third party websites. The company does not, nor has it had any authorisation to operate under the Virtual Asset Service Providers Act, 2024 in or from the Seychelles.
The FSA urges investors and members of the public to undertake adequate research and evaluation of an entity, service provider, and representative prior to conducting business and/or performing any transactions involving money exchanges or exchanges of personal details.
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 (“ICO”) or Non-Fungible Tokens (“NFT”).
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.