The Seychelles Financial Services Authority issued a public warning about alleged unauthorised virtual asset services linked to the website cieloex.io and CieloEX Limited, noting the firm has never been authorised to operate under the Virtual Asset Service Providers Act, 2024. The FSA stated that CieloEX Limited was only incorporated and has since been struck off and dissolved as of 1 January 2022, meaning it 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 they claim to operate from, and that the FSA publishes its register of authorised non-bank financial services providers, including virtual asset services and registered initial coin offerings and non-fungible tokens. The authority also invited the public to report suspected unlicensed virtual asset activity via the reporting form on its website.
Seychelles Financial Services Authority 2025-05-20
Seychelles Financial Services Authority warns that CieloEX Limited and cieloex.io lack authorisation under the Virtual Asset Service Providers Act 2024
The Seychelles Financial Services Authority issued a warning regarding unauthorised virtual asset services linked to cieloex.io and CieloEX Limited, which was never authorised under the Virtual Asset Service Providers Act, 2024. CieloEX Limited was incorporated but dissolved as of 1 January 2022. The FSA advises consumers to verify the licensing of virtual asset service providers and report suspected unlicensed activities.