The Seychelles Financial Services Authority (FSA) issued a public warning about alleged unauthorised activity under the Virtual Asset Service Providers Act, 2024 in connection with the website globe.exchange, reportedly operated by Globe Derivative Trading Limited. The FSA said the company is incorporated and registered as an International Business Company but does not hold, and has never held, authorisation to offer virtual asset-related services under the Virtual Asset Service Providers Act, 2024. It reminded consumers to verify whether a Virtual Asset Service Provider or virtual asset products are licensed and regulated in the jurisdiction they claim to operate from, noting that the FSA publishes on its website all authorised or licensed non-bank financial services providers, including virtual asset services, as well as registrations of Initial Coin Offerings and Non-Fungible Tokens. The authority said it continues to monitor activity in the sector and encouraged the public to report suspected unlicensed virtual asset service provider activity via the form on the FSA website.
Seychelles Financial Services Authority 2025-05-20
Seychelles Financial Services Authority warns Globe Derivative Trading Limited is not authorised to provide virtual asset services
The Seychelles Financial Services Authority (FSA) issued a public warning regarding unauthorised activity by Globe Derivative Trading Limited under the Virtual Asset Service Providers Act, 2024. The company, registered as an International Business Company, lacks authorisation to offer virtual asset services. The FSA advises consumers to verify the licensing of virtual asset providers and report suspected unlicensed activities.