Public Statement 33 of 2023 - BITWEALTHEXCHANGE (2023-12-28)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) about an entity called BITWEALTHEXCHANGE. The FSC states that this entity has circulated a forged investment business licence and is falsely claiming to be authorised and licensed in the BVI to carry on investment business, specifically dealing in investments and arranging deals in investments.

• Status of entity: BITWEALTHEXCHANGE has never been licensed or regulated by the FSC to carry on any type of financial services business, including investment business, in or from within the BVI.
• Public advice: Members of the public are advised to exercise extreme caution if solicited by this entity and to avoid conducting any business with it.
• Reporting: The public is invited to provide the FSC with information on questionable entities purportedly operating in or from within the BVI and on improper activities by such entities.
• Legal basis: The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

This notice is informational and protective in nature, warning the public and market participants; it does not impose ongoing regulatory obligations on licensed entities.

Applies to

members of the public, persons solicited by BITWEALTHEXCHANGE