Regulatory Alerts2022-01-01
Virtual Asset and Initial Token Offerings Services (Capital and Other Financial Requirements) Rules 2022
The Financial Services Commission of Mauritius issued these rules to establish mandatory capital and liquidity standards for all virtual asset service providers operating in the jurisdiction. The regulations require firms to maintain unimpaired capital meeting either their own funds or prudential requirements, with specific minimum thresholds set for services such as custody, marketplaces, and broker-dealing. Additionally, the rules mandate precise calculations of fixed overheads, deductible expenses, and accurate financial reporting to ensure ongoing solvency and risk management.
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