Mauritius considers bringing Metaverse into financial services

The Financial Services Commission (FSC) of Mauritius has begun soliciting opinions on the application of the metaverse in the financial services industry.FSC Mauritius has released a consultation paper inviting industry stakeholders and the public to provide feedback on the strategic development and potential impact of the metaverse, which will continue until the end of November.The country plans to ensure that its regulatory and business environment is prepared to adapt to the constantly evolving metaverse on a global scale.
Currently, respondents will have the opportunity to share their opinions before November 30th, which will help establish a multidisciplinary working group to explore future policy and regulatory directions.Mauritius also plans to launch a pilot phase of the digital rupee in November 2023 to further promote the development of digital currencies.