This notice is issued by the Financial Services Authority of Seychelles (“the Authority/FSA”) drawing attention to platform known as “DEEPCOIN” accessible through the website: https://www.deepcoin.com/turbo/en allegedly operated by the named entity DC Group Ltd. formerly DEEPCOIN Global Limited.
The FSA wishes to advise the public as to the fact that the company does not, nor has it had any authorization to operate under the Virtual Asset Service Providers Act, 2024 despite claims made on the platform and other third party mentions. As per the IBC register, DEEPCOIN was incorporated on the 1st July 2025. To date, the Authority has not received an application for DEEPCOIN for operations pursuant to the Virtual Asset Service Providers Act, 2024.
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.