Following the numerous cases of scams reported, relating to “Virtual Assets” (including crypto-currencies), the police advise the public to be vigilant about proposals to invest in CRYPTOMONNAIES (BITCOINS etc..).
The Police would like to inform the public that under the Virtual Asset and Initial Token Offering Services (VAITOS) ACT 2021 all activities relating thereto must be undertaken only by a company licensed by the Financial Services Commission (Mauritius). Therefore, it is strictly forbidden for any individual to offer services in crypto-currencies or other virtual assets on a personal basis.
Any offender is liable to a fine not exceeding five million rupees (Rs 5,000,000) and imprisonment not exceeding ten years.
The public is also advised to report any suspicion of illegal or fraudulent transactions related to virtual assets to the Police on 148.
The information provided will be treated as confidential.
