Regulatory Alerts2023-08-28
Added · Updated
Public Notice 4 of 2023 Regarding FMFW Ltd as an Unregistered Digital Asset Business
The Securities Commission of The Bahamas identifies FMFW Ltd as an unregistered digital asset business conducting activities in violation of the Digital Assets and Registered Exchanges Act, 2020. The notice clarifies that FMFW Ltd has not applied for or received registration to operate as a digital token exchange in The Bahamas, despite its website implying authorization. The public is warned against engaging with the entity or its agents, as such interactions involve an unregulated party.