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Mauritius

Mauritius Financial Regulator Issues Guidelines on Security Token Offerings

The Mauritius Financial Services Commission (FSC) has issued a second guidance note concerning security token offering (STO) regulation, dated April 8. In the document, the FSC declared that security tokens are considered digitally represented securities as defined in the Securities Act of 2005. As a consequence, when STOs are conducted in or from Mauritius, the …

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Mauritius Issues Regulatory Guidance on Security Token Offerings

The Mauritius Financial Services Commission (FSC) has clarified the rules applying to projects launching security token offerings (STOs). In guidance published Tuesday, the FSC said that security tokens are classed as securities as defined in the country’s Securities Act 2005, but in digital form. Issuers raising funds through STOs are therefore required to get prior approval from …

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In the Daily: Regulatory Developments in Italy, Mauritius, Malta

<strong>In this edition of The Daily we cover recent regulatory developments regarding the use of cryptocurrencies and their associated industries from all over the world. Lawmakers in Italy have approved a definitions mandate, Mauritius has created a crypto custody license, and Malta is set to provide cybersecurity guidance to crypto funds, exchanges and ICOs registered …

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Mauritius to License Crypto Custodians Starting in March

Mauritius will soon license digital asset custodians as part of its plan to create a fintech hub “in and for” Africa. In an announcement Friday, the island nation’s Financial Services Commission (FSC) said that, after publishing draft rules in a consultation paper in November 2018, the framework has now been finalized and will come into effect on …

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