FSC Rules issued under The Virtual Asset and Initial Token Offerings Services Act

The Financial Services Commission (“FSC”) has issued the Virtual Asset and Initial Token Offerings Services (Travel) Rules 2022 (the “rules”) in accordance with the Virtual Asset and Initial Token Offerings Services Act. The rules are deemed to have come into operation on 01 July 2022 and is part of the FSC’s objective to establish the Mauritius IFC as Africa’s Fintech hub. The rules are accessible here.

In addition, on the 25^th of August 2022, the FSC issued updates to its Guidance Notes under its Fintech Series. The updated guidance notes serve the objective of avoiding inconsistencies following the coming into force of the Virtual Assets and Initial Token Offerings Services Act.

The updated guidance notes are accessible here.

For more information, we invite you to contact our Business Development Team by email at bd@juristax.com or call them on + 230 465 55 26.