Mauritius Announces Its Crypto Custodians License By March This Year

In an announcement, the Financial Services Commission aka FSC recently published their draft rules presenting a consultation paperback in November, last year. However, the framework is now finalized to come into action by March 1, 2019.

Moreover, the framework presents the rules for a license which will let the holder offer custody services specifically for digital assets. According to the FSC, this step makes Mauritius an initial global jurisdiction which provides a regulated landscape respectively for the digital assets custody. On the other hand, the prime minister of the Republic of Mauritius, Pravind Kumar Jugnauth mentions:

In revolutionising the global FinTech ecosystem through this regulatory framework for the custody of Digital Assets, my Government reiterates its commitment to accelerating the country’s move to an age of digitally-enabled economic growth.

He specifies that the full and final framework will publish during the upcoming Government Gazette on March 1….

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2019-02-09 08:43:09

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