PUBLIC WARNING – QS INTERNATIONAL LIMITED (2020-06-12)

Summary

This is a public warning notice issued by the Bermuda Monetary Authority alerting the public that QS International Limited, operating via the website www.qsfingold.com, falsely claimed to be licensed as an Investment Business and a Digital Asset Business. The Authority confirms the entity holds no such licence and is not regulated, authorised or licensed in any capacity, and it has been added to the BMA's public warning list of unauthorised firms and individuals.

• False claim: QS International Limited claimed on its website to be licensed by the BMA as an Investment Business and a Digital Asset Business.
• BMA finding: The entity has not been granted a licence for investment business or digital asset business, and its activities do not qualify for any exemption from licensing requirements.
• Legal basis: Conducting investment business without a licence is an offence under section 12 of the Investment Business Act 2003; conducting digital asset business without a licence is an offence under section 10 of the Digital Asset Business Act 2018.
• Public risk warning: The Authority warns that dealing with unregulated entities, especially those making false statements, carries increased risk, and anyone doing so acts at their own risk.
• Listing: QS International Limited has been added to the BMA's warning list of unauthorised firms and individuals at www.bma.bm/warning-list.

This notice is informational and does not itself impose compliance obligations on regulated entities; it serves to warn the public and market participants to avoid dealing with QS International Limited.