Public Statement - Iqcryptmine (2019-12-30)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) on 30 December 2019, alerting the public that an entity calling itself Iqcryptmine is falsely claiming to be licensed by the FSC to conduct investment business.

• Nature of concern: Iqcryptmine has been circulating a forged investment business licence and falsely purporting to be authorised by the FSC to deal in investments.
• Regulatory status: Iqcryptmine has never been licensed or regulated by the FSC to carry on any financial services or investment business in or from within the BVI.
• Public advice: Members of the public are advised to exercise extreme caution if solicited to conduct business with Iqcryptmine.
• Legal basis: The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

The notice invites the public to report any information about questionable entities or improper activities purportedly operating in or from the BVI to the FSC. It does not impose any ongoing compliance obligations on regulated entities; it is an informational warning aimed at protecting customers, creditors, and prospective investors from a fraudulent scheme.