The Seychelles Financial Services Authority has warned that WOO X Crypto Exchange, operated by WOOTECH Limited Corp. through woox.io, has no current legal or operational nexus to Seychelles despite representations on third-party websites. The company is not, and has never been, authorized under the Virtual Asset Service Providers Act, 2024. Consumers should verify that virtual asset service providers and products are licensed or authorized in the jurisdictions from which they claim to operate. The authority publishes details of authorized non-bank financial service providers, including virtual asset businesses, and registrations of initial coin offerings and non-fungible tokens on its website.
2026-08-26Seychelles Financial Services Authority
Seychelles Financial Services Authority warns WOO X Crypto Exchange is unauthorized and has no Seychelles nexus
The Seychelles Financial Services Authority has warned that WOO X Crypto Exchange has no legal or operational nexus to Seychelles. Its operator, WOOTECH Limited Corp., is not and has never been authorized under the Virtual Asset Service Providers Act, 2024.