Public Statement 6 of 2022 - CRYPTONEXTRADER (BVI) LTD. (2022-06-27)

Summary

This is a public warning notice issued by the BVI Financial Services Commission (FSC) about CRYPTONEXTRADER (BVI) LTD., an entity falsely claiming to be a BVI-registered company operating from an address in Road Town, Tortola. The FSC confirms this entity is not a BVI company and has never been licensed or regulated to conduct any financial services business in or from the Territory.

• Purpose: To protect customers, creditors and members of the public who may be solicited by CRYPTONEXTRADER (BVI) LTD.
• Finding: The entity is falsely purporting to be a BVI company and has never been licensed or regulated by the FSC for any financial services business.
• Legal basis: Issued pursuant to Section 37A of the Financial Services Commission Act, 2001.
• Public advice: Members of the public are urged to exercise extreme caution if solicited by this entity and to report information on suspicious entities to the FSC.

This is an informational alert rather than a rule imposing continuing compliance duties on licensees; it warns the public and industry against dealing with an unlicensed, misrepresented entity.

Applies to

general public, persons solicited by CRYPTONEXTRADER (BVI) LTD.