15/10/25
Mauritius has firmly established the legality and regulation of cryptocurrency through a structured legal framework, offering clarity for businesses and investors in the virtual asset space. The country’s approach provides both oversight and operational certainty for crypto activities.
🌐 Key Legal Framework
The Virtual Asset and Initial Token Offering Services (VAITOS) Act 2021, enforced from 7 February 2022, governs all crypto-related activities. The Financial Services Commission (FSC) licenses and supervises Virtual Asset Service Providers (VASPs) and Initial Token Offerings (ITOs), while strict compliance with the Financial Intelligence and Anti-Money Laundering Act (FIAMLA) is mandatory. Cryptocurrencies are defined as “virtual assets,” distinct from traditional securities under the Securities Act 2005.
⚖️ Comparative Analysis
Mauritius’s regulatory model is comparable to other forward-looking jurisdictions in Asia and Africa, combining licensing, supervision, and AML/CFT obligations. This structure reduces legal uncertainty, attracts international businesses, and ensures that crypto operations are integrated safely into the financial system. Notably, the approach balances innovation with risk mitigation, similar to Singapore’s crypto framework.
💼 Practical Implications
For companies involved in cross-border payments or token issuance, Mauritius offers a clear, compliant path. Businesses must implement KYC procedures, designate Compliance Officers and MLROs, and maintain records for seven years. The framework supports legitimate digital asset operations while minimising exposure to financial crime risks.
✅ Conclusion
Mauritius provides a transparent, regulated environment for cryptocurrencies, reinforcing investor confidence and enabling responsible growth in the virtual asset sector. Companies engaging in crypto activities should ensure full regulatory compliance to leverage these opportunities. Contact NUR Legal for expert guidance on Mauritian crypto regulations and cross-border virtual asset operations. Visit us at NUR-Legal.com or contact us directly at info@nur-legal.com
Kätrin Särap