In line with its statutory objective of studying new avenues for
development in the financial services sector, responding to new
challenges and taking full advantage of new opportunities for
achieving economic sustainability and job creation, the Mauritius
Financial Services Commission (the
"FSC") has issued the Financial Services
(Custodian Services (Digital Asset)) Rules 2019 (the
"Rules") applicable to any person who
wishes to carry out custodian services for digital assets. The
Rules enable a holder of a Custodian Services (Digital Asset)
Licence (the "Licence") to provide
services of safe-keeping of Digital Assets. In its Guidance Note
'Recognition of Digital Assets as an asset-class for
investment by Sophisticated and Expert Investor' issued on
17 September 2018, the FSC recognised digital assets as an
asset-class for investment by sophisticated and expert investors,
and it has now set out the regulatory framework for the custodian
of digital assets. This
