The Seychelles Financial Services Authority FSA

Original Disclosure

Struck-Off IBC Search Contact Careers News You are here: Home Media Corner Regulatory Updates Warning: Unauthorised activity under the Virtual Asset Service Providers Act, 2024 Regulatory Updates Warning: Unauthorised activity under the Virtual Asset Service Providers Act, 2024 This notice is issued by the Financial Services Authority of Seychelles (“the Authority/FSA”) drawing attention to platform known as “DEEPCOIN” accessible through the website: https://www.deepcoin.com/turbo/en allegedly operated by the named entity DC Group Ltd. formerly DEEPCOIN Global Limited. The FSA wishes to advise the public as to the fact that the company does not, nor has it had any authorization to operate under the Virtual Asset Service Providers Act, 2024 despite claims made on the platform and other third party mentions. As per the IBC register, DEEPCOIN was incorporated on the 1st July 2025. To date, the Authority has not received an application for DEEPCOIN for operations pursuant to the Virtual Asset Service Providers Act, 2024. The FSA urges investors and members of the public to undertake adequate research and evaluation of an entity, service provider, and representative prior to conducting business and/or performing any transactions involving money exchanges or exchanges of personal details. Consumers are reminded to always check whether the Virtual Asset Service Providers (“VASP”) or Virtual Asset products being offered to them are actually licensed/authorized and regulated in the jurisdiction from which they claim to operate. To note, the FSA publishes upon its website all persons authorised or licensed to offer non-bank financial services, including virtual asset services, as well as the registration of Initial Coin Offerings (“ICO”) or Non-Fungible Tokens (“NFT”). The Seychelles continues to monitor activities within this domain and the public is encouraged to notify the FSA where they may feel they are engaging with VASPs that are operating without the proper licence or authorisation by making use of the form available on the FSA website at the following link, https://fsaseychelles.sc/vasp/report-suspected-unauthorized-or-unlicensed-va-vasp-activity For any further enquiries, please contact the FSA on vass@fsaseychelles.sc. 05 July 2026 Share This Share this with your friends: facebook twitter pinterest email Location Find us on Google Map Bois De Rose Avenue, P.O. Box 991 Victoria, Mahe, Seychelles K9v2M8pQ4wX1 Contact Details T: +(248) 438 0800 F: +(248) 438 0888 E: enquiries@fsaseychelles.sc Follow us on: Facebook Instagram Youtube Business Hours Monday - Friday 8.00 a.m. – 4.00 p.m. Links Applying for a License AML-CFT Application Forms FAQ Complaint Handling About Who we are Mission and Vision Organisational Structure Board of Directors Leadership Team Zone Administration International Cooperation Power to Exchange information Services Standard Memorandum of understanding Access to Information Enterprise Risk Management Legal Framework Enabling Laws Legislations Codes Guidelines Circulars Application Forms Enforcement Regulatory Enforcements Disciplinary Actions Appeals Board Regulated Entities Fiduciary International Trade Zone Declaration of Zone Hire Purchase and Credit Sales Insurance Collective Investment Scheme Capital Markets Approved Outsource Providers Gambling Regulatory Sandbox Applying for a License VASP Introduction to VASP Legal Framework Apply for License Apply for Registration Submit your Application Publications Licensed VASPs FAQs Submit an STR Report Suspected Unauthorized or Unlicensed VA/VASP Activity Register of ICO and NFTs AML-CFT Beneficial Ownership AML-CFT FATF High Risk Countries Media Corner FSA Employment Application Form Miscellaneous Documents Strategic Plan Reports Annual Report Newsletter Press Release Regulatory Updates FAQs Events Procurement Policy Awareness Programs FSA Scholarship White papers and Industry consultation White papers Industry consultation Publication Information Manual Struck-Off IBC Search Contact Careers News  Contact Us  Call Us 

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Disclosure Related Entities

Deepcoin