Mauritius
Mauritius offers a structured regulatory environment through the Financial Services Commission, with the VAITOS Act providing a comprehensive framework for licensed virtual asset and initial token offering activity.
Scope, licensing and operational frame.
Scope of Regulation
The Virtual Asset and Initial Token Offering Services Act regulates VASPs and ITO issuers under the FSC.
Who requires a licence
VASPs, exchanges, custodians, transfer service providers and ITO issuers operating from Mauritius.
Restricted activities
Unauthorised retail solicitation; activities outside the licensed scope.
Permitted activities
Licensed dealing, custody, advisory and ITO issuance under defined classes.
Practical & advisory implications
Substance, governance and AML/CFT requirements align with FATF expectations.
Evolution at a glance.
FSC publishes initial guidance on digital assets.
VAITOS Act enacted.
VASP licensing operational under FSC.
Tokenisation sandbox engagement formalised.
Cross-border structuring frameworks expand.
Recent regulatory signals.
FSC expands VASP licensing categories
Guidance on tokenised fund custody arrangements
"Mauritius is well-suited for cross-border structuring, particularly for Africa-focused digital asset activity."