This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the platform BiteBTC and Fedlio, accessible through websites https://bitebtc.com/ and https://fedlio.com/ which purport to operate through First Finance LLC and MSI Investments LLC respectively, and claim to be companies registered in the Seychelles..
The public is hereby notified that the afore-mentioned companies are not registered under the International Business Companies Act, 2016; and do not presently hold, nor have they ever been granted, any authorization for offering virtual asset exchange services, under the Virtual Asset Service Providers Act, 2024.
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 authorization 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.