Virtual Assets And Initial Token Offerings Now A Reality

In its continued pursuit of attracting investors and building a resilient economy and establishing Mauritius as a hub for emerging technologies, the Mauritian Government has gone a step further by enacting the Virtual Asset and Initial Token Offering Act 2021 (Virtual Asset Act). The Virtual Asset Act came into force on 07 February 2022. In the same breath, the Financial Services Commission of Mauritius (FSC) issued its AML/CFT Guidance Note for Virtual Asset Service Providers (VASP) and Issuers of Initial Token Offerings on 28 February 2022 based on the conclusions of the National Risk Assessment which itself used the World Bank's methodology and assessment tool (FSC Guidance Notes).