The FSA rejected a VASP application and enforced licensing requirements against a virtual asset service provider, constituting enforcement action related to crypto-asset payment services.
The enforcement action directly concerns virtual asset services, which fall within the crypto-assets regulatory scope as payment-related digital asset services.
Specialism
The FSA rejected a VASP application and formally instructed the company to cease virtual asset operations, constituting a formal enforcement action against a named entity for licensing non-compliance.
Low confidence — requires human review. While virtual asset services relate to payments infrastructure, the update focuses on licensing enforcement rather than a specific payments compliance specialism.
2026-05-19 13:48:43·rghosh@vixio.com
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TITLE: Seychelles Financial Services Authority Rejects Virtual Asset Service Provider Application for Angel Venture Partners Limited
BODY:
On February 14, 2025, the Seychelles Financial Services Authority (FSA) rejected the Virtual Asset Service Providers (VASP) application submitted by Angel Venture Partners Limited, trading as Quickex, under the Virtual Asset Service Providers Act, 2024. The FSA issued a public statement in accordance with section 28 of the Financial Services Authority Act, 2013, formally instructing the company to cease all virtual asset operations immediately or migrate its services outside Seychelles.
Angel Venture Partners Limited remains incorporated in Seychelles; however, it has migrated all virtual asset services as defined under the First Schedule of the Virtual Asset Service Providers Act, 2024 outside the jurisdiction. The company's activities are now limited to holding and managing intellectual property, with any virtual asset-related services associated with its platform undertaken by a separate legal entity incorporated outside Seychelles. This regulatory action reflects the FSA's enforcement of licensing requirements for entities providing virtual asset services within its jurisdiction.
The FSA advises the public that Angel Venture Partners Limited is no longer authorised to provide virtual asset services in Seychelles. Members of the public requiring further information regarding this enforcement action or virtual asset service provider licensing requirements may contact the FSA at vass@fsaseychelles.sc or call +(248) 438 0800 during business hours Monday to Friday, 8:00 a.m. to 4:00 p.m.
PUBLIC STATEMENT – Angel Venture Partners Limited T/A Quickex Struck-Off IBC Search Contact Careers News You are here: Home Media Corner Regulatory Updates PUBLIC STATEMENT – Angel Venture Partners Limited T/A Quickex Regulatory Updates PUBLIC STATEMENT – Angel Venture Partners Limited T/A Quickex The Financial Services Authority hereby issues this public statement, in line with section 28 of the Financial Services Authority Act, 2013 to notify the public that the Virtual Asset Service Providers Application submitted by Angel Venture Partners Limited trading as Quickex for approval under the Virtual Asset Service Providers Act, 2024 (“the Act”), has been rejected as of the 14 th February 2025. The company was formally instructed to cease all operations immediately or migrate its services out of the jurisdiction. The public is hereby advised that Angel Venture Partners Limited remains incorporated in Seychelles; however, it has caused to migrate, any and all virtual asset services as defined under the First Schedule of the Act outside of the jurisdiction. The company’s activities are limited to the holding and management of intellectual property and any virtual asset-related services associated with the platform are undertaken by a separate legal entity incorporated outside of Seychelles. For further enquiries, members of the public may contact the Authority at vass@fsaseychelles.sc . 19 May 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 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