The Financial Services Commission (FSC) of Mauritius has opened a dialogue with industry experts and citizens to gather insights on the metaverse’s role in the financial sector. This initiative is part of a broader strategy to prepare the island nation’s regulatory and business landscapes for the burgeoning technological space. Hence, the FSC has set November as a timeframe to collect various opinions.
Mauritius Readies for Digital Rupee Launch
Mauritius is not just stopping at consultations; the country is simultaneously gearing up for the pilot phase of its digital currency. The digital rupee, set to launch in November 2023, represents Mauritius’ commitment to staying abreast of fintech advancements. Moreover, Harvesh Kumar Seegolam, the governor of the Bank of Mauritius, has underscored the importance of a central bank digital currency (CBDC) in reinforcing monetary sovereignty and enhancing anti-money laundering and counter-terrorism financing measures.
Additionally, Mauritiu
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