Public Statement 19 of 2022 - BIDESK.COM (2022-10-13)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) concerning BIDESK.COM, an entity operating a cryptocurrency trading platform via www.bidesk.com. The FSC states that BIDESK.COM has never been licensed or regulated to carry on investment business or any other financial services business in or from within the BVI, despite reportedly claiming to a client that it is registered there.

• Purpose: To protect customers, creditors, and persons solicited by BIDESK.COM, and to alert the public that the entity is unlicensed.
• Legal basis: Issued pursuant to Section 37A of the Financial Services Commission Act, 2001.
• Public guidance: Members of the public are advised to exercise caution if solicited to conduct business with BIDESK.COM.
• Information request: The FSC invites the public to report information on questionable entities or improper activities purportedly operating in or from the BVI.

The notice is purely informational and warns of an unlicensed entity; it does not impose ongoing compliance obligations on regulated financial services businesses.