Public Warning - Bitzelex Global (Bermuda) Ltd. (2024-01-18)

Summary

This is a public warning issued by the Bermuda Monetary Authority alerting the public that Bitzelex Global (Bermuda) Ltd is not licensed by the BMA, despite an image circulating that purports to show it holds a Class F Digital Asset Business licence. The Authority confirms it has not issued any such licence and that the image and any related licensing claims are fraudulent.

• No licence issued: The BMA has not issued a Class F Digital Asset Business licence, or any licence, to Bitzelex Global (Bermuda) Ltd.
• Fraudulent claims: Any circulating image of a licence or claims by Bitzelex to be licensed by the BMA are false.
• Added to warning list: Bitzelex has been added to the BMA's public warning list of unauthorised firms and individuals.
• Public guidance: The public is directed to check the BMA's list of regulated entities before dealing with any firm, and warned that dealing with unregulated entities carries increased risk.

The notice is purely informational and does not create ongoing compliance obligations for licensed entities; it serves to warn consumers and the public against a specific unauthorised operator.

Applies to

members of the public, potential investors