Regulatory Alerts2019-01-01
Financial Services (Custodian Services for Digital Assets) Rules 2019
The Financial Services Commission of Mauritius has issued these rules to establish a licensing and regulatory framework for entities providing custody services for digital assets. Licensees must maintain a local office and senior representative, meet minimum capital thresholds, and implement robust governance, risk management, and operational continuity protocols. The regulations mandate stringent technical standards for digital asset safekeeping, including quarterly system testing, external audits, strict key and seed generation procedures using air-gap machines or hardware security modules, and secure multi-location storage.
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