The Seychelles Financial Services Authority issued a warning about alleged unauthorised virtual asset activity linked to the website renq.io, which it says is operated by RENQ LIMITED. The FSA stated that RENQ LIMITED does not, and has never had, authorisation to operate under the Virtual Asset Service Providers Act, 2024. RENQ LIMITED was previously incorporated under the International Business Companies Act but was only incorporated, not licensed as a virtual asset service provider. The FSA noted the company was struck off and dissolved on 18 December 2024 and is no longer a legal entity. Consumers were reminded to verify that virtual asset service providers and products are licensed and regulated in the jurisdiction from which they claim to operate, and that the FSA publishes on its website the list of authorised non-bank financial services providers, including virtual asset services, as well as registrations of Initial Coin Offerings and Non-Fungible Tokens. The FSA said it continues to monitor the sector and encouraged the public to report suspected unlicensed or unauthorised virtual asset service provider activity via the reporting form on its website.
Seychelles Financial Services Authority 2025-05-20
Seychelles Financial Services Authority warns renq.io and RENQ LIMITED are not authorised under the Virtual Asset Service Providers Act 2024
The Seychelles Financial Services Authority (FSA) warned about unauthorised virtual asset activity linked to renq.io, operated by RENQ LIMITED, lacking authorisation under the Virtual Asset Service Providers Act, 2024. RENQ LIMITED, previously incorporated but not licensed, was dissolved on 18 December 2024. The FSA advises consumers to verify the licensing of virtual asset service providers and report suspected unlicensed activities.