PUBLIC WARNING NOTICE
UNAUTHORISED VIRTUAL ASSET SERVICE PROVIDERS (VASPs)
FALSE CLAIMS OF REGISTRATION OR LICENSING
The Financial Services Authority (FSA) of St. Vincent and the Grenadines hereby advises the public of an increasing number of online platforms that are falsely claiming, or implying, that they are registered, licensed, or otherwise authorised to conduct virtual asset business in or from within St. Vincent and the Grenadines.
NO AUTHORISED VASPs IN ST. VINCENT AND THE GRENADINES
As at the date of this Notice, NO entity is registered, licensed, or authorised by the FSA to operate as a VASP in St. Vincent and the Grenadines. Accordingly, any entity claiming to be licensed, registered, approved, or regulated in St. Vincent and the Grenadines for virtual asset activities is making a FALSE and MISLEADING representation.
REGULATORY POSITION
Under the laws of St. Vincent and the Grenadines, any person or entity conducting virtual asset services, including exchange, transfer, brokerage, custody, or related activities must be:
- Registered or licensed by the FSA; and
- Subject to AML/CFT/PF supervision in accordance with international standards.
Operating without authorization constitutes a breach of applicable laws and will result in regulatory, civil, or criminal action.
RISKS TO THE PUBLIC
Members of the public are strongly cautioned that dealing with unregulated or falsely represented entities exposes them to significant risks, including:
- Loss of funds with no regulatory protection or recourse
- Fraud, misuse, or misappropriation of assets
- Lack of transparency in pricing, execution, and custody
- Delays, freezes, or inability to recover funds
CEASE AND DESIST DIRECTIVE
The FSA hereby directs that any entity making reference to St. Vincent and the Grenadines in connection with virtual asset services must immediately cease and desist from:
- Representing that they are registered, licensed, or regulated by the FSA; or
- Suggesting that they are operating from or within St. Vincent and the Grenadines unless and until duly authorised.
SUPERVISION AND ENFORCEMENT
The FSA continues to monitor these activities and will take appropriate regulatory and enforcement action, including cooperation with international regulatory and law enforcement authorities.
ADVICE TO THE PUBLIC
The public is encouraged to:
- Verify the regulatory status of any entity with the FSA prior to engaging in business
- Exercise caution when dealing with online virtual asset platforms • Report any suspicious or misleading activity to the Authority
Financial Services Authority
St. Vincent and the Grenadines
Email: info@svgfsa.com
Website: www.svgfsa.com
Date: April 29, 2026