Mauritius to Issue Custodian Licence for Digital Assets

[kreslik.news]

The Financial Services Commission, the financial watchdog of Mauritius, has released a draft of a new set of laws that will cover an aspect of blockchain technology.

The new licence is to be called the ‘Custodian Services (Digital Asset) Licence’. The draft will be open to public comment from the 5th to the 30th of November.

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Half a million rupees

The draft says that the new licence is being created because the two existing custodian licences do not adequately cover digital assets.

It says that holders will need to comply with the same things that traditional custodians ... (read more)