Mauritius to Start Issuing Licence to Digital Asset Custodians
As part of its plan to create a world standard Fintech hub, Mauritius is set to start issuing
Crypto Regulatory Framework Is Ready
According to a recent report, the island nation’s Financial Services Commission (FSC) has announced that the framework of the draft rules which was published in November 2018 is now completed and will take effect on the 1st of March.
According to FSC, the framework entail rules governing the
The Prime minister of the Republic of Mauritius, Pravind Kumar Jugnauth while speaking about the framework said that:
revolutionisingthe global FinTech ecosystem through this regulatory framework for the custody of Digital Assets, my Government reiterates its commitment to accelerating the country’s move to an age of digitally-enabled economic growth.”
The consultation paper which was released in November contained the list of series of stipulations for
New Partnership with OECD
Also, according to a recent announcement made by the FSC, it has formed a partnership with the Organisation for Economic Cooperation and Development on the governance and regulation of digital assets and that the effort guided the development of the new licensing rules.