Further to the notice issued by the Financial Services Authority of Seychelles (“the Authority/FSA”) on the 15th January 2026 in relation to the platform known as “HitBTC” accessible through the website https://hitbtc.com/ , and the entities previously identified in connection with the platform, namely Hitechno Business Ltd. and HiTech Digital Business Ltd., the FSA wishes to draw the public’s attention to Hit Tech Solutions Development Ltd., a company previously incorporated in Seychelles, as the latest company identified as the alleged operating company.
The public is hereby notified that Hit Tech Solutions Development Ltd. does not, nor has it had, any authorisation to operate under the Virtual Asset Service Providers Act, 2024, and was simply incorporated in Seychelles.
The company has since been struck off and was dissolved on the 12th May 2023, and is therefore no longer a legal entity.
Hit Tech Solutions Development Ltd., along with the aforementioned entities, does not presently have any legal or operational nexus to Seychelles, despite claims made on various third-party websites. The entities do not, nor have had, any authorisation to operate under the Virtual Asset Service Providers Act, 2024, in or from the Seychelles.
For completeness, the platform https://hitbtc.com/ is not affiliated to any application, or standing authorisation to operate 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.