This Notice clarifies the regulatory perimeter of the Finquest Capital Group ecosystem with respect to virtual-asset and crypto-asset services. It is essential to distinguish the entities of the group:
Finquest Capital Limited (Ireland, CRO 726903) — is the corporate parent and operator of this Website. It is a holding and wealth-management company. It does not itself hold a VASP / CASP licence and does not itself provide crypto-asset services to the public.
PowrAI Digital Exchange sp. z o.o. (Poland) — is the operator of the Finquest Exchange and the holder of authorisation as a Virtual Asset Service Provider under Polish law, registration number RDWW-1725. PowrAI Digital Exchange sp. z o.o. has applied for authorisation as a Crypto-Asset Service Provider under Regulation (EU) 2023/1114 (MiCA); that application is currently under review.
PowrAI Digital Exchange sp. z o.o. operates under the supervision of:
Following authorisation under MiCA, PowrAI Digital Exchange sp. z o.o. will be subject to the EU-wide CASP regime and may, under the MiCA passporting framework, provide services on a cross-border basis to clients in other EU Member States.
The VASP licence and the CASP authorisation cover the operation of a trading venue (spot exchange) for crypto-assets and related ancillary services as defined under Polish law and (post-authorisation) under MiCA. The licence does not cover, and must not be relied upon for, the issuance or distribution of transferable securities or other financial instruments within the meaning of Directive 2014/65/EU (MiFID II) or the Prospectus Regulation (Regulation (EU) 2017/1129). Where Finquest tokenises real-world assets in a way that produces transferable securities, the issuance and any distribution are conducted under the relevant securities-law framework of the issuance jurisdiction (typically Luxembourg) — not under the VASP/CASP licence.
PowrAI Digital Exchange sp. z o.o. applies a documented AML/CFT framework aligned with Directive (EU) 2015/849 (as amended), Regulation (EU) 2023/1113 (Travel Rule for crypto-assets) and the Polish Anti-Money-Laundering Act of 1 March 2018. The framework includes risk-based customer due diligence (CDD) and enhanced due diligence (EDD), beneficial-owner identification, ongoing monitoring of business relationships, sanctions and PEP screening (EU, UN, UK, US OFAC), Travel-Rule data exchange, and reporting of suspicious activity to GIIF.
Client crypto-assets are held in custody with Fireblocks Inc., an institutional digital-asset custody provider, on a segregated basis from the proprietary assets of the operator. Fiat funds, where applicable, are held with regulated credit institutions on segregated client-money accounts. Detailed information on the custody, segregation and insurance arrangements is set out in the Exchange’s Terms of Service and Risk Disclosure.
The Exchange does not onboard, and does not provide services to, U.S. persons within the meaning of Regulation S, residents of jurisdictions subject to comprehensive sanctions (currently including, without limitation, the Russian Federation, Belarus, Iran, North Korea, Syria, the Crimea region, the so-called Donetsk and Luhansk People’s Republics, and Cuba), or any person or entity included on a sanctions list maintained by the EU, the UN, the UK or OFAC.
This Notice is provided for transparency and information only. It does not constitute legal advice, does not create any contractual right, and does not amend the terms applicable to any specific service. The terms applicable to the use of the Exchange are exclusively those published by PowrAI Digital Exchange sp. z o.o.
Finquest Capital Limited, No. 12, Commerce House, 14 Washington Street West, Cork City, Cork, T12 K376, Ireland.