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Public consultation on rules for Virtual Asset, Initial Token Offering Services

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Public consultation on rules for Virtual Asset, Initial Token Offering Services

The Financial Services Commission (FSC) has issued several Rules under the Virtual Asset and Initial Token Offering Services (VAITOS) Act 2021 for public consultation:

(i) Virtual Asset and Initial Token Offering Services (Capital and Other Financial Requirements) Rules 2022

(ii)  Virtual Asset and Initial Token Offering Services (Client Disclosure) Rules 2022

(iii) Virtual Asset and Initial Token Offering Services (Custody of Client Assets) Rules 2022

(iv) Virtual Asset and Initial Token Offering Services (Cybersecurity) Rules 2022

(v)  Virtual Asset and Initial Token Offering Services (Publication of Advertisements) Rules 2022

(vi)  Virtual Asset and Initial Token Offering Services (Risk Management) Rules 2022

(vii)  Virtual Asset and Initial Token Offering Services (Statutory Returns) Rules 2022

The FSC said the Rules were developed in collaboration with gunnercooke llp, a law firm based in the United Kingdom.

Comments and suggestions are expected not later than 15 June 2022 at [email protected]

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The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.