Public Statement 26 of 2021 - UNIA TRADE AND INVEST. LIMITED (2021-10-11)

Summary

This is a public warning notice issued by the BVI Financial Services Commission (FSC) about UNIA TRADE AND INVEST. LIMITED, an entity that is soliciting the public to conduct cryptocurrency exchange and investment services via the websites infinityCoin.exchange and mybitexa.com. The FSC states that UNIA TRADE AND INVEST. LIMITED has never been licensed or regulated to carry on any financial services business in or from within the BVI.

• Incorporation history: UNIA TRADE AND INVEST. LIMITED was incorporated as a BVI company in 2014 but was struck off the Register of Companies on 1 November 2019.
• Unlicensed activity: The entity has never been licensed to carry on currency exchange services or any other financial services business in the BVI, despite soliciting cryptocurrency exchange or investment services online.
• Public advisory: Members of the public are advised to exercise extreme caution if solicited to conduct business with this entity.
• Legal basis: The statement is issued under Section 37A of the Financial Services Commission Act, 2001.

This is an informational alert rather than a rule or licensing requirement; it does not impose ongoing compliance obligations on licensed entities, but serves to warn the public and industry against dealing with the named unlicensed entity.

Applies to

members of the public, unlicensed entities purporting to offer virtual asset/cryptocurrency exchange services