FSC Rules Issued Under The Virtual Asset And Initial Token Offerings Services Act 2021 (VAITOS)

The VAITOS Rules came into force on 01 July 2022 and we set out below a summary of them:

(i) Virtual Asset and Initial Token Offerings Services (Capital and Other Financial Requirements) Rules 2022 (the Capital Requirement Rules);

(ii) Virtual Asset and Initial Token Offerings Services (Client Disclosure) Rules 2022 (the Client Disclosure Rules);

(iii) Virtual Asset and Initial Token Offerings Services (Custody of Client Assets) Rules 2022 (the Custody of Client Assets Rules);

(iv) Virtual Asset and Initial Token Offerings Services (Cybersecurity) Rules 2022 (the Cybersecurity Rules);

(v) Virtual Asset and Initial Token Offerings Services (Publication of Advertisements) Rules 2022 (the Publication of Advertisements Rules);