Mauritius has established itself as a forward-thinking hub for digital currencies and blockchain, providing a clear regulatory environment for businesses and investors.
This framework is built around Virtual Asset and Initial Token Offering Services (VAITOS), which covers all aspects of issuing, managing, and trading virtual assets like cryptocurrencies and tokens.
The Virtual Asset and Initial Token Offering Services Act outlines the legal and regulatory requirements for companies in this sector, specifically addressing:
- Token Issuance: Companies conducting Initial Token Offerings (ITOs) must adhere to strict guidelines for transparency and investor protection.
- Virtual Asset Custodianship: This defines the responsibilities of service providers for securely holding and managing digital assets.
- Compliance: VAITOS companies must register with the FSC and meet anti-money laundering (AML) and countering the financing of terrorism (CFT) standards.
Mauritius’ clear regulatory approach fosters confidence for businesses and investors, supporting the growth of the blockchain ecosystem.
