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Description

Implemented Virtual Asset and Initial Token Offering Services Act 2021

On 16 December 2021, the Mauritius Virtual Asset and Initial Token Offering Services Act 2021 is implemented through its publication on the Official Gazette. The Act requires the Financial Services Commission (FSC) to regulate and supervise the virtual asset service providers and the issuers of initial token offerings operating in the country. In particular, the Act requires virtual asset service providers to apply for a license, and initial token offerings issuers to register to the FSC. Both the operations are subjected to various obligations, including limits to shares transfers to persons, organization of legal structure and compliance with data protection laws.

Original source

Scope

Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
legislature
Government Body
parliament

Complete timeline of this policy change

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2021-11-30
under deliberation

The Virtual Asset and Initial Token Offering Services Act 2021 is introduced in the Mauritius Natio…

2021-12-10
adopted

On 10 December 2021, the Mauritius Virtual Asset and Initial Token Offering Services Act 2021 is ad…

2021-12-16
in force

On 16 December 2021, the Mauritius Virtual Asset and Initial Token Offering Services Act 2021 is im…