Following the proclamation of the Virtual Asset and Initial Token Offering Services Act 2021, the Financial Services Commission, Mauritius has announced to industry stakeholders and the general public that applications for the relevant crypto and other licence(s)/registration(s) under the Act may now be submitted to the FSC for consideration via the FSC One Platform.
In 2021, the country introduced the Virtual Assets and Initial Token Offering Services (“VAITOS”) Act 2021, which came into force on the 7th of February 2022. The Act establishes a regulatory framework for new and developing activities involving Virtual Assets (“VAs”) and Initial Token Offerings (“ITOs”) in Mauritius, as well as measures to combat money laundering and terrorist funding related with VAs.
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Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh