The Seychelles Financial Services Authority made a notable appearance at the iFX EXPO International in Limassol, Cyprus, setting up a booth among liquidity providers and brokers just an hour’s drive from CySEC headquarters. The offshore regulator’s presence signals an aggressive push to attract more forex and fintech firms to its jurisdiction.
According to FM Intelligence data, Seychelles FSA has issued 1,042 licenses, with 446 specifically for capital markets and trading operations. The Securities Dealer License has become a popular offshore regulatory option for retail brokers seeking alternatives to stricter European frameworks. The regulator traveled nearly 5,000 kilometers to attend the event, clearly targeting potential new licensees rather than simply maintaining existing relationships.
While competitors like Mauritius offer similar offshore advantages with reduced banking friction, Seychelles’ physical presence at Europe’s premier fintech gathering demonstrates their commitment to market expansion amid evolving regulatory landscapes.
FXnCO Insight
Brokers facing European regulatory pressure now have direct access to offshore licensing alternatives actively courting their business in the heart of traditional financial centers.
Source: Finance Magnates