Regulatory Alerts2024-11-13
Guideline for Virtual Asset related Activities
The Bank of Mauritius has issued this guideline to establish comprehensive risk management, capital, and liquidity requirements for licensed banks engaging in virtual asset-related activities. The framework mandates board-approved risk assessments, prudential classification of assets into Group 1 and Group 2 categories, and specific capital buffers for credit, market, and operational exposures. Banks must secure prior regulatory approval for non-Group 1 exposures, maintain robust cyber and anti-money laundering controls, and achieve full compliance by May 2025.
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