Crypto company deregistered by financial regulator

Thursday, 9 May 2024 06:42

A company has been deregistered by the Island's financial regulator as police investigations continue into a linked egaming company.

Cryptocurrency firm Soteria Solutions had its regulated activities suspended by the Financial Services Authority last month after the FSA said it shared directors and officers with King Gaming.

King's offices were raided by police and seven people arrested in March as part of a money-laundering and fraud investigation.

Now, the FSA says Soteria has been deregistered under the Designated Businesses Act 2015.

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