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Belize and Seychelles regulators warn against fraudulent bitcoin investment company XMAXBIT

Regulators in Belize and the Seychelles have issued a warning against XMAXBIT, which claims to be an international registered company.

XMAXBIT website says:

“Our profile of work is effective investments in cryptocurrency (LiteCoin, BitCoin) and mining. Since that time, we got wide experience in this scope of action and also we launched a service of wholesale changing of internet-currency. It works in the automatic mode, you can exchange a great sum of money at the most favorable rate at any time.

“Also Since 2013 the company Xmaxbit has been actively involved in the investment of high-tech start-ups in Central and Eastern Europe. And 67 successfully implemented projects became the result of the company.”


The International Financial Services Commission, Belize’s financial regulator, in its warning has stated that ‘XMAXBIT’ is falsely and fraudulently claiming to be an International Business Company registered in Belize.

“The Certificate of Incorporation No.804124 carrying its name and purporting to be an International Business Company incorporated in Belize, posted on its website, http://xmaxbit.com/  is a complete forgery”, IFSC said. “This entity is not licensed/regulated by the International Financial Services Commission or any other competent authority in Belize to conduct any type of trading business. All persons concerned are warned to take note and exercise extreme caution.

In a similar notice, the Seychelles Financial Services Authority stated:

“The Authority draws attention to the following website, http://xmaxbit.com and to the fact that contrary to what is being advertised on this website, the company under the name XMAXBIT is not registered by the Authority under the International Business Companies Act, 1994 as amended.

“Members of the public are therefore strongly advised to exercise extreme caution when dealing with XMAXBIT.”

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