• Thu, 27 Jun 2019, 06:17 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Mauritius FSC to implement licensing framework for digital asset custodian services in March

Photo Via Business Mega

Mon, 11 Feb 2019, 06:25 am UTC

The Mauritian Financial Services Commission (FSC) has announced that a regulatory framework for digital asset custodian services will go into effect on 01 March 2019.

The announcement follows a public consultation period launched last November on the proposed regulatory framework. In an official announcement dated February 08, the FSC said:

“This regulatory framework will be effective as from 01 March 2019, positioning the Mauritius IFC as the first jurisdiction globally to offer a regulated landscape for the custody of Digital Assets. Holders of the Custodian Services (Digital Asset) Licence will equally have to comply with the applicable framework for AML/CFT, in line with international best practices.”

The FSC said that the regulatory framework for the Custodian Services (Digital Asset) Licence has been developed in reference to consultation with the Organisation for Economic Cooperation and Development (OECD).

“The FSC is committed to implementing enabling frameworks which facilitate the development of the Mauritius IFC. We continue to collaborate with our international counterparts and stakeholders in introducing the appropriate regulatory mechanisms,” Harvesh Seegolam, the Chief Executive of the FSC, said.

“I wish to put on record the active participation of all parties during the consultation phase preceding the introduction of this revolutionary structure for our jurisdiction.”

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $12,705.00 (+0.66%)
  • Ethereum (ETH) $329.92 (-0.75%)
  • XRP (XRP) $0.458300 (-3.57%)
  • Bitcoin Cash (BCH) $473.03 (-3.31%)
  • Litecoin (LTC) $127.67 (-5.77%)
  • Bitcoin (BTC) $12,705.00 (+0.66%)
Jun 27, 2019 (Thursday)
06:07
Coinbase Pro now supports Chainlink (LINK) trading
05:13
CoinMarketCap acquires Hashtag Capital to enhance crypto data offering
04:20
Blockchain startup dfuse raises $3.5M, led by Multicoin Capital and Intel Capital
03:41
CZ: 'the future is here' as Binance transfers $1.2B in BNB in 1 second for $0.01
03:37
Square rolls out bitcoin deposits for all Cash App users
Jun 26, 2019 (Wednesday)
12:45
Opera launches blockchain-ready browser for iOS
12:16
Crypto Technicals: ETH/USD hits new 10-month highs at 340, eyes 396 (23.6% Fib)
11:14
Northern Trust hands over private equity blockchain technology platform to Broadridge
10:06
Amun launches new ETP using Bitwise 10 Select Large Cap Crypto Index
09:08
Startup Lolli partners with Hotels.com to reward travelers with bitcoin
09:04
SWIFT to give blockchain-based firms access to its GPI payments
08:52
Germany's CDU and CSU Union wants to incorporate blockchain in public services
07:46
Crypto firm LedgerX obtains CFTC approval for physically-settled derivatives contracts
07:45
Crypto Technicals: XMR/USD fails to track gains in Bitcoin, slips below 100, bias turning bearish
06:54
EY to utilize Guardtime’s blockchain, Sensyne Health’s AI for outcome-based health payments
06:35
Q2 Solutions, HSBlox, and R3 successfully conduct proof-of-concept blockchain application in clinical research
06:20
TP ICAP enters crypto business to trade bitcoin futures
06:04
Israeli brothers arrested for 2016 Bitfinex hack, global retrieval effort underway
05:32
Paysend acquires blockchain firm Rapid SD following stablecoin launch
05:31
Crypto Technicals: Bitcoin takes out $12,000 mark, bulls eye 61.8% Fib at $13,488
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft