Mauritius Releases Guidance for Regulated Security Token Offerings

Mauritius Releases Guidance for Regulated Security Token Offerings

Port Louis, Mauritius (photobeginner/Shutterstock)

The chief financial watchdog of Mauritius, an island-state off the coast of Madagascar, has created a regulatory regime for a full-fledged security token ecosystem in the country.

On Monday, the Mauritian Financial Services Commission (FSC) a framework specifically for security tokens. Together with a , the regulator said this was the start of a new licensing regime to enable fully regulated security token trading systems in the country.

Essentially, the new regime allows a new security token trading systems to become eligible for an FSC license. So far, it effectively authorizes a business to put a security token up for sale in an offering, an “STO,” as well as operate a trading house in the jurisdiction.

In the pipeline for 18 months, an FSC spokesperson said the guidance was the start of recognizing security tokens, and the broader cryptocurrency bucket, as an asset class in their own right.

“This was crafted with full collaboration between the industry and the regulator,” said FSC CEO Thakoor Dhanesswurnath. “We already have a growing interest in these specific licenses and are expecting to receive several applications in the upcoming months.”

Bitcoin News Roundup for June 17, 2020

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