The Seychelles Financial Services Authority issued a public warning that the website finandy.com, allegedly operated by Finandy Limited, is not authorised and has never been authorised to operate under the Virtual Asset Service Providers Act 2024. The authority said Finandy Limited is incorporated in Seychelles under the International Business Companies Act 2016 but does not hold any licence or authorisation to offer virtual asset-related services. It reminded consumers to verify that any virtual asset service provider or virtual asset product is properly licensed and regulated in the jurisdiction from which it claims to operate, noting that the FSA publishes on its website the persons authorised to offer non-bank financial services, including virtual asset services, as well as registrations of initial coin offerings and non-fungible tokens, and it encouraged reporting of suspected unlicensed activity via its website.
Seychelles Financial Services Authority 2025-11-24
Seychelles Financial Services Authority warns Finandy Limited is not authorised to provide virtual asset services
The Seychelles Financial Services Authority issued a warning that Finandy Limited, operating the website finandy.com, is not authorised under the Virtual Asset Service Providers Act 2024. Although incorporated in Seychelles, Finandy Limited lacks the necessary licence to offer virtual asset services. The authority advises consumers to verify the licensing of virtual asset service providers and report any suspected unlicensed activities.