Regulatory Updates

This notice is issued by the Financial Services Authority of Seychelles ("FSA") drawing attention to the website www.poloniex.com , allegedly operated by Polo Digital Assets Ltd previously incorporated under the International Business Companies Act. The FSA wishes to advise the public as to the fact that the company does not, nor has it had any authorisation to operate under the Virtual Asset Service Providers Act, 2024 and was simply incorporated. 

The company has since been struck off and was dissolved on the 1st January 2022 and is therefore no longer a legal entity. 

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 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. 

This notice is issued by the Financial Services Authority of Seychelles (“FSA”) drawing attention to the website https://account.q8trade.net/,>https://q8traders.com/ and the fact that the website is not linked to BLUEPINE LTD, an entity licensed and regulated by the FSA. 

Furthermore, the FSA Seychelles urges investors and members of the public to exercise adequate research and evaluation on an entity, service providers, and representatives prior to conducting business and/or performing any transactions involving money exchanges or exchanges of personal details. The FSA also reminds the public that the Authority is not responsible should persons continue or maintain client relationship, or uses services provided with or by the aforementioned website.

This notice is hereby issued by the Financial Services Authority (“FSA”) drawing attention to the website https://ff.io/ allegedly operated by Ftrader Ltd incorporated under the International Business Companies Act. The FSA wishes to advise the public as to the fact that the company does not, nor has it had any authorisation to operate under the Virtual Asset Service Providers Act, 2024 and is simply incorporated.

The company is registered on the register for International Business Companies but does not hold any authorisation for the offering of virtual asset related services as is provided for within the Virtual Asset Services Providers Act, 2024.

The company was formally instructed to cease all operations immediately or migrate its services out of the jurisdiction. The public is hereby advised as to Ftrader Ltd having opted to migrate its service offering outside of the Seychelles and has successfully redomiciled to the Republic of the Marshall.

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 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.

Termination of the accreditation of the Securities Dealer Representative Licence of  Mr. George David Kohler (SDR246)

The Financial Services Authority (“FSA/Authority”) hereby gives notice to the general public, pursuant Section 4(1)(m) of the Financial Services Authority Act, 2013 (“FSA Act”), the accreditation of Mr. George David Kohler as the Representative of ACG MARKETS LTD has been terminated, effective as of February 17th, 2026.

The Financial Services Authority (“FSA/Authority”) hereby gives notice to the general public, pursuant Section 4(1)(m) of the Financial Services Authority Act, 2013 (“FSA Act”), the accreditation of Mr. Matthew Sai Leung Choi as the Representative of NAGM(S) Limited has been terminated, effective as of January 23rd, 2026.

The Financial Services Authority hereby issues this public statement, in line with section 28 of the Financial Services Authority Act, 2013 to notify the public that the Virtual Asset Service Providers Application submitted by Gray Matter Labs Limited trading as ‘Coinflare’ for approval under the Virtual Asset Service Providers (VASP) Act, 2024 (“the Act”), has been refused effective as of the 14^th October 2025. The company was formally instructed to cease all operations immediately or migrate its services out of the jurisdiction.

The public is hereby advised as to Gray Matter Labs Limited having opted to migrate its service offering outside of the Seychelles, and has successfully redomiciled.

For further enquiries of the transition, members of the public may contact Gray Matter Labs Limited directly on +60123910933 or in the alternative please contact vass@fsaseychelles.sc.

The Financial Services Authority (“FSA/Authority”) hereby gives notice to the general public, pursuant Section 4(1)(m) of the Financial Services Authority Act, 2013 (“FSA Act”), the accreditation of Mr. Eyal Alon as the Representative of Phoenix Limited has been terminated, effective as of February 13th, 2026.

The Financial Services Authority (“FSA/Authority”) hereby gives notice to the general public, pursuant Section 4(1)(m) of the Financial Services Authority Act, 2013 (“FSA Act”), the accreditation of Mr. Iordanis Grigoriou as the Representative of WizBrokers Limited has been terminated, effective as of February 13th, 2026.

The Financial Services Authority (“FSA/Authority”) hereby gives notice to the general public, pursuant Section 4(1)(m) of the Financial Services Authority Act, 2013 (“FSA Act”), the accreditation of Mr. Markos Solomou as the Representative of TOB Trading Ltd has been terminated, effective as of December 31st, 2025.

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.