Africa-Press – Mauritius. The Financial Services Commission (FSC) of Mauritius started collecting feedback from industry stakeholders and the general public regarding the inclusion of metaverse within the financial services industry.
The FSC dedicated the entire month of November to gathering comments on the strategic developments and repercussions of the metaverse, according to a recent consultation paper.
Mauritius intends “to ensure that the regulatory and business environments in Mauritius are appropriately ready and re-engineered” as metaverse adoption continues to amplify on a global scale.
The FSC highlighted metaverse-centric efforts from offshore regulators from the European Commission, the United Kingdom, Dubai, Indonesia, China, South Korea and Singapore and how they have made significant efforts to accommodate the new technology.
While acknowledging the need for collaboration in reshaping the financial services to accommodate metaverse, the FSC asked seven questions to the public, as shown below: Respondents are expected to share their opinions on the relevant questions by Nov. 30.
The comments and feedback will be considered to establish a multidisciplinary working group to further address the future policy and regulatory orientations in relation to the metaverse.
Mauritius is also expected to launch the pilot phase of a digital rupee in November 2023. However, an official release is still pending. On April 28, the governor of the Bank of Mauritius, Harvesh Kumar Seegolam, said he prioritized central bank digital currency (CBDC) development when he took office in 2020:
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