Regulatory Alerts2024-11-13
Added · Updated
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.