On 7 February 2022, the Virtual Asset and Initial Token Offering
Services Act (the "Act") finally came
into force.
This innovative Act is very promising in establishing Mauritius
as an attractive location to invest in virtual assets and virtual
tokens. The Act aims to provide a regulatory framework, aligned
with international standards and best practices, to promote
business activities for service providers dealing with virtual
assets and initial token offerings, within a safe, secure and
regulated environment.
The Act covers two types of assets, namely "virtual
assets" and "virtual tokens".
"virtual assets" means:
- "a digital representation of value that may be digitally
traded or transferred, and may be used for payment or investment
purposes; but
