14/08/2026
Mauritius Strengthens Its Stablecoin Regulatory Framework
The Financial Services Commission (FSC) has issued its regulatory policy on stablecoins under the VAITOS Act 2021, setting out clear requirements for stablecoin issuers and service providers operating in or from Mauritius.
Key highlights:
🔹 Only asset-linked stablecoins backed by approved reserve assets are permitted, while algorithmic and yield-bearing stablecoins are not allowed.
🔹 Licensing is mandatory for stablecoin issuance and related services under the VAITOS Act. Payment-related stablecoins may also require Bank of Mauritius licensing.
🔹 Strong safeguards apply to issuers, including minimum capital and liquidity requirements, redemption at par value, reserve asset segregation, independent attestations and annual audits.
🔹 AML/CFT and cyber-risk controls remain essential, with material operational failures and de-pegging events subject to reporting requirements.
The framework reinforces Mauritius’ commitment to building a secure, transparent and well-regulated virtual asset ecosystem, while supporting responsible innovation in the digital asset sector.
Ashton Financial Partners remains committed to keeping clients informed on key regulatory developments shaping Mauritius’ financial services landscape.
