The Seychelles Financial Services Authority issued a public warning about alleged unauthorised virtual asset activity linked to the website www.poloniex.com, which it says is allegedly operated by Polo Digital Assets Ltd. The FSA stated that the company does not, and has never had, authorisation to operate under the Virtual Asset Service Providers Act, 2024. Polo Digital Assets Ltd was previously incorporated under the International Business Companies Act but has since been struck off and dissolved as of 1 January 2022, meaning it is no longer a legal entity. The FSA reminded consumers to verify whether virtual asset service providers and virtual asset products are licensed or authorised in the jurisdiction they claim to operate from, noting that it publishes on its website the list of authorised non-bank financial service providers (including virtual asset services) and registrations of initial coin offerings and non-fungible tokens. The authority encouraged the public to report suspected unlicensed or unauthorised VASP activity via the reporting form on its website.

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