Belfrics Review

About Belfrics

Belfrics is licensed and regulated by the Labuan Financial Services Authority (LFSA) in Malaysia under a global money broking service license; it is included in the list of authorized service providers on the LFSA’s official website () ().

Belfrics operates cryptocurrency exchange services on a proprietary blockchain platform, offering spot trading of major digital assets across multiple regional entities, including offices in Malaysia, Singapore, India, Kenya, Tanzania, Nigeria, Bahrain, UAE, and Spain (belfricsgroup.com among domains). The platform incorporates the in-house Belrium KYC verification system and supports interoperability of compliance and KYC across jurisdictions ().

The Monetary Authority of Singapore (MAS) added Belfrics (including related entities Belfrics Global Pte Ltd and Belfrics Pte Ltd, operating via domains such as singapore.belfrics.com and belfricsgroup.com) to its investor alert list on February 12, 2025, stating that Belfrics was providing investment services without the required MAS license ().

Pros and cons

Pros

• Licensed by LFSA (Malaysia) under global money‑broking service provisions ().
• Utilizes proprietary Belrium KYC system across multiple jurisdictions to enhance compliance ().

Cons

• Appears on MAS Investor Alert List for operating in Singapore without a MAS license as of February 12, 2025 ().