The Financial Services Authority (FSA) of Seychelles issued a cautionary statement regarding companies claiming affiliation with or registration in the East African nation. The FSA identified 53 virtual asset providers falsely asserting their legality in Seychelles. The flagged entities were found to engage in various activities, such as advertising VASP services, targeting local consumers through websites in the local language, and promoting the sale or exchange of cryptocurrencies.

Here Is a Comprehensive List of The Virtual Asset Service Providers:

1. ALLABOUTME – NFT OR ICO ISSUER / PROVIDER

2. AIVA – EXCHANGE PLATFORM AND/OR PAYMENT PROVIDER

3. APOLLO FINTECH – NFT OR ICO ISSUER / PROVIDER

4. BITCONFIRM – MINING

5. BITCOIN SEYCHELLES – CHANGE PLATFORM AND/OR PAYMENT PROVIDER

6. BITLADDIN – EXCHANGE PLATFORM AND/OR PAYMENT PROVIDER LIMITED

7. BOOMCOIN (BOOMC) – NFT OR ICO ISSUER / PROVIDER

8. BTCEX – INVESTMENT, TRADING OR BROKER SERVICES

9. BUCKYCOIN – NFT OR ICO ISSUER / PROVIDER

10. COINFARM CONCERTS – INVESTMENT, TRADING OR BROKER SERVICES

11. COINGAIN – INVESTMENT, TRADING OR BROKER SERVICES

12. CRYTOALLDAY – WALLET SERVICES PROVIDER

13. CRDTPAY – EXCHANGE PLATFORM AND/OR PAYMENT PROVIDER

14. EXBASEIO – WALLET SERVICES PROVIDER

15. FOXCONN GLOBAL LTD – EXCHANGE PLATFORM AND/OR PAYMENT PROVIDER

16. GOTRADE – INVESTMENT, TRADING OR BROKER SERVICES

17. HODLY – WALLET SERVICES PROVIDER

18. HOTBIT.XYZ – INVESTMENT, TRADING OR BROKER SERVICES

19. IDCM – EXCHANGE PLATFORM AND/OR PAYMENT PROVIDER

20. IP GOLD – INVESTMENT, TRADING OR BROKER SERVICES

21. ITRUST GOVERNANCE TOKEN (ITG) – NFT OR ICO ISSUER / PROVIDER

22. KORPORATION BLOCKCHAIN – NFT OR ICO ISSUER / PROVIDER

23. LIVECOIN – EXCHANGE PLATFORM AND/OR PAYMENT PROVIDER

24. LOEX GLOBAL – INVESTMENT, TRADING OR BROKER SERVICES

25. MAJOR PRIME FX – EXCHANGE PLATFORM AND/OR PAYMENT PROVIDER

26. MANGO EXCHANGE – EXCHANGE PLATFORM AND/OR PAYMENT

27. MARKETMINE – MINING

28. MEDABOTS – GAMING

29. METALIFE – GAMING

30. MINNERZONE – MINING

31. MINPRZE – MINING

32. MONIFEX – INVESTMENT, TRADING OR BROKER SERVICES

33. NEBOIT – MINING

34. NEKO NETWORK (NEKO) – NFT OR ICO ISSUER / PROVIDER

35. OCG WALLET – EXCHANGE PLATFORM AND/OR PAYMENT PROVIDER

36. OLYMTRADE – INVESTMENT, TRADING OR BROKER SERVICES

37. PIXEL SOFTWARE – MINING

38. PORTION (PRT) – NFT OR ICO ISSUER / PROVIDER

39. PROFXCOIN – INVESTMENT, TRADING OR BROKER SERVICES

40. R3 HOLDINGS PRODUCT CO. LTD – INVESTMENT, TRADING OR BROKER SERVICES

41. RXEL – EXCHANGE PLATFORM AND/OR PAYMENT PROVIDER

42. SAFEPAL (SFP) – NFT OR ICO ISSUER / PROVIDER

43. SPECTROCOIN – EXCHANGE PLATFORM AND/OR PAYMENT PROVIDER

44. STABLE ASSET (STA) – NFT OR ICO ISSUER / PROVIDER

45. STORX (SRX) – NFT OR ICO ISSUER / PROVIDER

46. TAMIUS WALLET – WALLET SERVICES PROVIDER

47. TRIPLECOIN – INVESTMENT, TRADING OR BROKER SERVICES

48. TWNKLBUY – INVESTMENT, TRADING OR BROKER SERVICES

49. TXBIT.IO – EXCHANGE PLATFORM AND/OR PAYMENT PROVIDER

50. WAVE MAKERS LTD – INVESTMENT, TRADING OR BROKER SERVICES

51. VITCOIN – NFT OR ICO ISSUER / PROVIDER

52. XCHANGERATE (XPR) – NFT OR ICO ISSUER / PROVIDER

53. ZORIX – NFT OR ICO ISSUER / PROVIDER

The FSA highlighted concerns about these entities not complying with Seychelles Anti-Money Laundering and Countering the Financing of Terrorism laws.