Fintech - Digital Assets - Bhumishq

Fin Tech

DIGITAL

ASSETS

Custodian Services (Digital Assets) in the
Mauritius IFC demystified.

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Bhumishq

 

Definition of Digital Assets

1. means any token, in electronic or binary form, which is representative of either the holder’s access rights to a service or ownership of an asset;

2. includes a digital representation of value which –

(i) is used as a medium of exchange, unit of account, or store of value but which is not a legal tender, even if it is denominated in legal tender;

(ii) represents assets such as debt or equity; or

(iii) provides access to a blockchain-based application, service orproduct;

3. excludes –

(i) any transaction in which a business, as part of an affinity or reward programme, grants value which cannot be exchanged for legal tender, bank credit or any digital asset; or

(ii) a digital representation of value issued for use within an online gaming platform. Blockchain “blockchain” means a type of distributed ledger technology which is a way of recording and sharing data across multiple data ledgers, with each individual ledger having the exact data records and are collectively maintained and controlled by a distributed network of computer servers referred to as nodes.

Blockchain

“blockchain” means a type of distributed ledger technology which is a way of recording and sharing data across multiple data ledgers, with each individual ledger having the exact data records and are collectively maintained and controlled by a distributed network of computer servers referred to as nodes.

Custodian Services
(Digital Assets)
supervisory framework

 

Storage strategy
and security
infrastructure for
digital assets

Key operating norms

Key governance, risk and compliance norms

 

If you are interested in applying for a custodian services (digital assets) license in the Mauritius IFC, please get in touch.