Mauritius Financial Commission Releases Draft Regulation for Crypto Custodian Services

The Financial Services Commission (FSC) of the Republic of Mauritius has released a draft regulatory framework for crypto custodian services, according to an official document posted on Nov. 5. According to the announcement, the island country aims to establish regulation for custodian services for digital assets in order to enable users of crypto custodian services to have a due level of safety. According to the draft regulation, the FSC will issue a custodian service license that will allow an entity to operate as a holder of digital assets as well…