Usamos cookies propias y de terceros para mejorar la navegación y mostrar publicidad personalizada según su navegación. Si continua navegando consideramos que acepta nuestra política de cookies.
Register your Blog
( What is this? )
I Home I More views Today I Crypto TV I Crypto currency I Crypto Charts I xxx I xxx I Register your Blog I
 

Mauritius Regulator to Provide Licenses to Digital Asset Custodians

-
Mons News
 
Add to Flipboard Magazine. Fuente: news-bitcoin - View all news from this site
Mauritius Regulator to Provide Licenses to Digital Asset Custodians Mauritius Regulator to Provide Licenses to Digital Asset Custodians

Mauritius Regulator to Provide Licenses to Digital Asset Custodians






The authorities in the island nation of Mauritius plan to start issuing custodian licenses to companies holding digital assets on behalf of clients. The financial regulator said the existing licensing regime is not suited for that purpose, although licensees under the new rules will have to comply with similar requirements.       
Also read: Abu Dhabi Exchange to Create Infrastructure for Crypto Assets
Applicants Required to Maintain Minimum Capital
The Financial Services Commission (FSC) of the Republic of Mauritius has published a draft framework for the “Custodian Services (Digital Asset) License” it intends to issue to companies in the fintech sector. The watchdog is now seeking feedback on its proposal from industry representatives, other stakeholders and members of the public. Interested parties have been invited to send comments and suggestions via email. Discussions and consultations will continue until the end of November.
The FSC currently issues two types of licenses for custodians providing traditional financial services that do not reflect the specifics of safekeeping cryptocurrency-based assets. The digital asset license is tailored to account for the differences and ensure compliance with relevant existing regulations and laws.

According to the draft, the holders of the “digital” license will be regarded as financial institutions under the Financial Intelligence and Anti-Money Laundering Act, which was adopted in 2002. The companies will be obliged to adhere to other laws and regulations dealing with anti-money laundering and counterterrorism financing matters. These include the FSC Code on the Prevention of Money Laundering and Terrorist Financing, as well as other applicable subordinate statutory instruments. The specific requirements for cryptocurrency businesses include an obligation to “have and maintain a minimum stated unimpaired capital of not less than 500,000 Mauritian rupees,” which equals almost $15,000. Applicants for the license must also set up offices on the island and have permanent representatives on hand to deal with the FSC and maintain the records of the custodian. The companies must be governed by boards of directors composed of three or more members, “at least one of whom shall be resident in Mauritius.”
Custodians Obliged to Insure Digital Holdings
Under the new license, companies are expected to ensure they are adequately staffed to perform all duties regarding the safekeeping of cryptoassets, transaction management and other relevant operations. Additionally, the providers of custodial services will have to subscribe to insurance protection for the assets that are kept in custody. During the application process they must submit evidence of such arrangements to the FSC. The businesses must have systems in place to ensure compliance with all reporting requirements under Mauritian law as well.
According to the glossary of legal terms provided in the document,...
article seen
1
times, this week
Mauritius Regulator to Provide Licenses to Digital Asset Custodians Mauritius Regulator to Provide Licenses to Digital Asset Custodians
facebook:
twitter: https://twitter.com/thermomix_club

Fuente de la noticia: news-bitcoin
Fecha de publicación: 07-11-2018 21:16
visto: 1

Si te gusto esta noticia puede que te interesen estas..

------------------------------------------------------------------------------------------------------------
Recommended Video section of our Bitcoin, Ethereum, NEO, Litecoin, Blockchain News videos - Watch More Videos in Bitcoin, Ethereum, NEO, Litecoin, Blockchain News videos

Go TO TV Bitcoin, Ethereum, NEO, Litecoin, Blockchain News videos

Si te gusto esta noticia puede que te interesen estas..


This Bitcoin Skeptic Wants to Make ‘Stable’ Cryp



Economist Steve Hanke has joined the board of advisors for the P2P cryptocurrency exchange AirTM and will guide its Latin American expansion, includin ...
15-11-2018 21:16

Coinbase-Backed ‘Gods Unchained’ Releases Gamepl



The makers of the ethereum-based fantasy card game released a new video, giving players a feel for what to expect. ...
15-11-2018 21:16

Police Arrest 8 Over Alleged $68 Million Crypto Pyramid Sche



Police in Tokyo have arrested eight men alleged to have run a cryptocurrency pyramid scheme that amassed about $68.70 million. ...
15-11-2018 21:16

Ahead of Bitcoin Cash Fork, Mining Power Still Favors SV



Bitcoin cash\'s ongoing hash war remains lopsided, with mining pools supporting Bitcoin SV controlling nearly 75 percent of the current network. ...
15-11-2018 21:16

Binance Exchange Will List Circle’s USDC Stablecoin Th



Binance, one of the world?s largest cryptocurrency exchanges by trading volume, is adding support for Circle-issued stablecoin USDC. ...
15-11-2018 21:16

Crypto Custodian BitGo Adds New Stablecoins in Bid to Woo In



BitGo now supports over 100 assets, including new stablecoin offerings, as it works to offer a wide spectrum of services for institutional investors. ...
15-11-2018 21:16

Malaysian Banking Group CIMB Taps Ripple for Blockchain Remi



Malaysian banking group CIMB has joined Ripple?s blockchain-based payments network, RippleNet, seeking faster cross-border payments. ...
15-11-2018 21:16

Coinbase CTO: Time May Be Right for Home Crypto Mining



Mining innovator Balaji Srinivasan pivoted away from that business in 2017, but now believes the time is right for a home miner. ...
15-11-2018 21:16

Bitcoin Price Sell-Off Slows As RSI Hits Four-Year Low



Bitcoin is looking oversold after a drop to 13-month lows Wednesday and could defend immediate support at $5,000 in the next few days. ...
15-11-2018 21:16

Bitmain Denies Reports CEO Jihan Wu Ousted from Bitcoin Mine



Mining giant Bitmain says CEO Jihan Wu still serves on its board, despite media reports to the contrary. ...
15-11-2018 21:16

Bitcoin Miner Canaan’s IPO Likely Delayed After Hong K



Canaan Creative\'s IPO may be in doubt as the bitcoin mining firm\'s filing with the Hong Kong Stock Exchange has now lapsed. ...
15-11-2018 21:16

Buy or Sell" What Traders Think About Today’s Bit



With Thurday\'s hard fork of the bitcoin cash blockchain likely to result in a split, what are the traders planning to do with their holdings" ...
15-11-2018 21:16

The Crypto Market Just Fell to a New 2018 Low



Bitcoin sank to its lowest price in over a year on Wednesday ? a move that seemed to drag down the prices of other major cryptocurrencies as well. ...
15-11-2018 21:16

Moscow Residents are Slowly Warming to Crypto Payments: Stud



In Moscow, green shoots of crypto adoption are starting to emerge. Indeed, of the Moscow locals who prefer non-cash payment methods such as mobile pay ...
15-11-2018 21:16

Bitcoin Cash: ABC Futures Cross $300 in Hard Fork Aftermath



With bitcoin cash mining its first forked block, the futures prices of SV and ABC are fluctuating wildly. The BCHSV futures price jumped 10.7 percent ...
15-11-2018 21:16

Breaking: Bitcoin Cash Hard Forks — BCH Hash War Begin



Minutes ago, Bitcoin Cash activated a hard fork that splintered the fourth-largest cryptocurrency’s network into at least two competing versions, cu ...
15-11-2018 21:16

How BANKEX is Driving a Digital Finance Transformation with



This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentione ...
15-11-2018 21:16

Bitcoin Cash Hard Fork: How Did We Get Here"



As the actual hard fork of Bitcoin Cash approaches and users face the prospect of two versions of Bitcoin Cash, it’s important to remember what led ...
15-11-2018 21:16

The Brexit Deal, a Tumbling Pound, and a Ceaseless Crypto Bl



At long last after two-and-a-half years of negotiations in a painful process that can only be described as watching a slow-motion train wreck, a Brexi ...
15-11-2018 21:16

Newsflash: Bitcoin Cash Price Careens Below $390 as Hard For



The bitcoin cash price crashed below the $400 level on Thursday, less than two hours before the fourth-largest cryptocurrency’s network is expected ...
15-11-2018 21:16

Bitcoin is the ?Evil Spawn of the Financial Crisis?: Europea



One of the Eurozone’s chief monetary economists heaped some backhanded praise at Bitcoin on Thursday, arguing that the flagship cryptocurrency was a ...
15-11-2018 21:16

Return of Rights and Interests to the Community: DragonEx Im



This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any ...
15-11-2018 21:16

Bitcoin Mining Firm Canaan Slashes IPO Target — and Ma



Canaan, one of the world’s largest bitcoin mining firms, may be having second thoughts about its plan to go public in one of the cryptocurrency indu ...
15-11-2018 21:16

Creating a Comprehensive Digital Assets Ecosystem (DAE)



This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentione ...
15-11-2018 21:16

Crypto Crash Impacts Large Financial Firms as SBI Shares Dec



On November 15, the crypto market experienced a wipeout of more than $27 billion, as its valuation dropped from $210 billion to $183 billion. As CCN r ...
15-11-2018 21:16

Malaysian Lawmaker Urges Govt to Delay ICO Launch in Call fo



An initial coin offering (ICO) round launched with an aim to raise funds for an opposition political movement is raising eyebrows in Malaysia. Fahmi F ...
15-11-2018 21:16

Why the Earnings Season Matters"



This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentione ...
15-11-2018 21:16

Crypto Charity: Scotcoin to Allocate Part of Sales to Scotla



Scotcoin will donate £5 off every £20 it earns from its token sale to homeless people, revealed a local source. The cryptocurrency project, which ai ...
15-11-2018 21:16

Ripple Chief: Regulatory Clarity Will Drive Crypto, Blockcha



Commenting on the importance of regulation in the technology sector, Brad Garlinghouse, CEO of Ripple, said that introducing regulations will lead to ...
15-11-2018 21:16

Bitcoin Miner ‘Canaan Creative’ IPO Will Not Hap



Bitcoin mining equipment maker, Canaan Creative, on Thursday (November 15, 2018) allowed its Initial Public Offering (IPO) filing to elapse. Reports s ...
15-11-2018 21:16

Ripple (XRP) Overtakes Ethereum as Second Biggest Crypto By



Ripple (XRP) has once again overtaken Ethereum by market cap amid ongoing cryptocurrency market turbulence and bearish sentiment. Only $100k Separate ...
15-11-2018 21:16

New York Regulator Issues BitLicense to NYDIG For Custody an



New York State Department of Financial Services (NYDFS) has approved cryptocurrency-related company NYDIG?s application for a digital currency license ...
15-11-2018 21:16

Such Hard Fork, Much Hot Air" Dogecoin Still Used 4X Mo



Bitcoin Cash may be in the spotlight as cryptocurrency markets tumble, but some have already played down the altcoin?s importance – even compared to ...
15-11-2018 21:16

Bitcoin Technical Analysis: Bitcoin Cash Civil War Drives BT



Holy mackerel! Out of the blue, Bitcoin dropped to a new 12-month low with little notice. Anyone hoping for a Santa Claus rally had better drop to the ...
15-11-2018 21:16

Earnings Season: Traders Shift From Cooling Crypto Market to



Cryptocurrency markets are seeing further stability this week amid Q4 earnings season. The continuing trend is now even making industry businesses adj ...
15-11-2018 21:16

$30M Shanghai-Based Cryptocurrency Trading Fund to Launch in



Shanghai-based digital asset management company is reportedly set to launch a new cryptocurrency trading fund in partnership with an unnamed licensed ...
15-11-2018 21:16

Coinbase Ventures Backs Home Crypto Mining Startup Coinmine



Coinmine is a new startup that aims to make in-home mining accessible for non-technical users, based in Los Angeles and founded by Farb Nivi and Justi ...
15-11-2018 21:16

Hash Wars: The Bitcoin Cash Hard Fork Has Begun



Today Thursday, Nov. 15, a majority of the cryptocurrency community is fixated on the contentious Bitcoin Cash (BCH) hard fork and watching the specta ...
15-11-2018 21:16

Canaan’s Hong Kong Listing Plans in Limbo



Plans by bitcoin mining equipment manufacturer Canaan to list shares on the Hong Kong stock exchange are now uncertain, as the Chinese company’s app ...
15-11-2018 21:16

Canadian Court to Take Custody of Quadrigacx Funds, NYDIG Ge



In recent regulatory news, a Canadian court plans to take custody of $19.5 million of funds that Quadrigacx deposited with the Canadian Imperial Bank ...
15-11-2018 21:16

 

 
Crypto currency
Crypto Charts
 


 
 

Would you like your blog and posts leave here?


 
         

Categories


News most viewed Today

Exosis Announces Forthcoming ICO Launch to Facilitate Creation of a Multi Utility Platform

Exosis Announces Forthcoming ICO Launch to Fa...

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn?t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges... -
Leading Asset Manager BlackRock Mulls Cryptocurrency Exposure

Leading Asset Manager BlackRock Mulls Cryptoc...

Hedge funds and asset managers are looking for new opportunities and is an ongoing process. BlackRock is currently exploring options in the Bitcoin and cryptocurrency market. A Different Tactic by BlackRock The world’s largest asset manager... -
The Daily: Blockchain Surveillance vs Privacy Protocols

The Daily: Blockchain Surveillance vs Privacy...

The battle for privacy is ramping up. Every day, in the cryptocurrency space, we learn of increased blockchain surveillance, countered by the efforts of privacy protocol developers. We?ve got stories from both sides of the divide in this episode of... -
What Is DGaming and Why Should You Care"

What Is DGaming and Why Should You Care"

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn?t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges... -

More Blogs


 
- English ------------------------------
Interior Design & Decoration    
decoclub.net facebook twitter
decorationandstyle.com facebook twitter
decobuzz.net facebook twitter
Food & Recipes
elclubderecetas.com facebook twitter
yoursecretrecipes.com facebook twitter
cryptomoneymagazine.com facebook twitter
thevegetarianrecipesclub facebook twitter
Motor
motorwebs.net facebook twitter
motorchannel.net facebook twitter
Luxury
Luxuryblogs.info facebook twitter
 
 


---------------------------------------
beauty & Cosmetics    
cosmetiks.net facebook twitter
thebeautytrends.net facebook twitter
thebeautytv.com facebook twitter
beautyandcosmetics.net facebook twitter
Healt&Fitness
healthfitnesstrends.net facebook twitter
Weddings
weddingsclub.org facebook twitter
Moms & Babies
themomsmeeting.com facebook twitter
buzznewbaby.com facebook twitter
Iphone & Android
hablandodemac.net twitter
 
 
-----------------------------------------
Fashion & Style    
fashionblogsclub.com facebook twitter
Travel
yoursecrettravel.com facebook twitter
secretsofjapan.net facebook twitter
Fragrance
thefragrance.info facebook twitter
Architecture
thearchitectureclub.com facebook twitter
thearchitectureinsight.com facebook twitter
 
 
 
 
 
 
--- Español ---------------------------------
Fashion & Blogs    
Blogueras.net facebook twitter
Recetas
elclubderecetas.com facebook twitter
cryptomoneymagazine.com facebook twitter
thevegetarianrecipesclub.com facebook  
Decoracion
decoclub.net facebook twitter
decobuzz.net facebook twitter
Bodas
hablandodebodas.com twitter
Belleza
cosmetiks.net facebook twitter
elperfume.info facebook twitter
 
 

 

--------------------------------------
Motor    
motorwebs.net facebook twitter
videosdemotor.net facebook twitter
Salud
hablandodesalud.net facebook twitter
info-salud.net facebook twitter
Viajes
hablandodeviajes.com facebook twitter
secretsofjapan.net facebook twitter
TV-cine
adictoalatv.com twitter
videosdecine.info
Corazon
famoseo.org twitter
----------------------------------
Libros    
librorama.net twitter
Madres    
elclubdelasmadres.com facebook twitter
Mac Android    
hablandodemac.net facebook twitter
Lujo    
Luxuryblogs.info facebook  
clubblogueras@gmail.com