PUBLIC WARNING - BITZELEX GLOBAL (BERMUDA) LTD (2024-01-18)

Summary

This is a public warning notice issued by the Bermuda Monetary Authority (BMA) alerting the public that Bitzelex Global (Bermuda) Ltd is not licensed by the Authority, despite an image circulating that purports to show it holds a Class F Digital Asset Business licence.

• Fraudulent claim: An image purporting to show Bitzelex holds a Class F Digital Asset Business licence from the BMA is circulating and is fraudulent; the Authority has not issued any such licence.
• Warning list: Bitzelex Global (Bermuda) Ltd has been added to the BMA's public warning list of unauthorised firms and individuals.
• Investor risk: The BMA advises that conducting business with unregulated entities, particularly those making false licensing claims, carries increased risk and is done at the individual's own risk.
• Verification resource: The public is directed to the BMA's list of regulated entities to verify licensing status.