Virtual Assets and Initial Token Offering ServicesHLB Global Business Ltd
THE BEGINNING OF A NEW ERA
The Virtual Asset and Initial Token Offering Services (VAITOS) licence is now a reality in Mauritius.
VAITOS licences are issued by the FSC under the Virtual Asset and Initial Token Offering Services (VAITOS) Act 2021.
Mauritius, as an International Financial Centre (IFC) and a growing FinTech hub, is amongst the first countries in the Eastern and Southern African region which has adopted a comprehensive legislation on virtual assets and initial token offerings.
The Act introduces 5 classes of licences, patriotically named ‘M’, ‘O’, ‘R’, ‘I’, ‘S’ for Mauritius spelt in Mauritian Creole.