The Seychelles Financial Services Authority issued a public statement that it rejected the application by Angel Venture Partners Limited, trading as Quickex, for approval under the Virtual Asset Service Providers Act, 2024, with effect from 14 February 2025. Following the rejection, the company was formally instructed to cease all operations immediately or migrate its services out of the jurisdiction. The Authority said Angel Venture Partners Limited remains incorporated in Seychelles, but all virtual asset services covered by the Act’s First Schedule have been migrated outside Seychelles. Its activities in Seychelles are now limited to holding and managing intellectual property, while any virtual asset-related services linked to the platform are provided by a separate legal entity incorporated outside the jurisdiction.
Seychelles Financial Services Authority2026-05-19
Seychelles Financial Services Authority rejects Quickex virtual asset service provider application and confirms services moved outside Seychelles
The Seychelles Financial Services Authority rejected Angel Venture Partners Limited’s (Quickex) application for approval under the Virtual Asset Service Providers Act, 2024, effective 14 February 2025, and ordered the firm to cease or migrate virtual asset services out of Seychelles. The Authority said that although the company remains incorporated locally, all services covered by the Act’s First Schedule have been moved abroad and its Seychelles activities are now limited to holding and managing intellectual property, with virtual asset services provided by a separate foreign entity.