Mauritius – FSC

N0

Class of License

Business Activities

Initial Capital

1

Class “M” – Virtual Asset Broker Dealer

a) Exchange between virtual assets and fiat currencies: or
b) Exchange between one or more forms of virtual assets.

2,000,000 Mauritian Rupees or its equivalent in any other fiat currency.
(equivalent to approx. USD45,000)

2

Class “O” – Virtual Asset Wallet Services

Transfer of virtual assets.

Sufficient working capital in fiat currency to continue business for a period of 12 months, based on realistic forecasts for the business in different market conditions (both negative and positive scenarios).

3

Class “R” – Virtual Asset Custodian

a) Safekeeping of virtual assets or instruments enabling control over virtual assets;
b) Administration of virtual assets or instruments enabling control over virtual assets.

5,000,000 Mauritian Rupees or its equivalent in any other fiat currency.
(equivalent to approx. USD112,000)

4

Class “I” – Virtual Asset Advisory Services

Participation in and provision of financial services related to an issuer’s offer and/or sale of virtual assets.

Sufficient working capital to be capable of meeting its debts as they fall due.

5

Class “S” – Virtual Asset Marketplace

A virtual asset exchange.

6,500,000 Mauritian Rupees or its equivalent in any other fiat currency.
(equivalent to approx. USD146,000)

6

Issuer of ITO

Issuer of Initial Token Offering

Sufficient working capital to be capable of meeting its debts as they fall due.