Crypto & MiCA
Seychelles Crypto License 2026 — VASP Act Reality Check, Who's Licensed, and What the FSA Actually Expects
OKX, Bybit, eToro, KuCoin, HTX, and BitMEX operate from Seychelles. The VASP Act 2024 ended the no-license era on September 1, 2024. In 2025 the FSA started enforcing: live system walk-throughs, genuine substance requirements, and a new Code of Corporate Governance effective January 2026. The honest 2026 picture.