The parliament said, “it will not fly; it’s no good”. The commission was not on board. A number of economists were not happy with that, a number of governments as well.
The Regulatory Committee was tasked to advise on the development of a regulatory framework for fintech in Mauritius. The Regulatory Committee identified priority areas in the fintech space to be considered for regulation in Mauritius and recommended the approach to be adopted in regulating this emerging sector of activities.