The SelfKey Foundation has obtained the Regulatory Sandbox License (RSL) from the Board of Investment of Mauritius.

In a time when there is government uncertainty in the blockchain space, SelfKey has established a solid foundation to grow long term, under the official licensing of a government agency.

The RSL allows SelfKey to develop the SelfKey Identity Wallet with a greater level of regulatory certainty, inline with our mission to allow individuals to truly own and control their digital identity.

Being approved by the Mauritius BOI, reaffirms our project’s potential and positions us under the scrutiny and monitoring of a regulator, which can help us to meet established milestones.

In a previous article, we explained that we chose Mauritius to establish the SelfKey Foundation because it is one of the most attractive jurisdictions for blockchain startups.

The RSL provides companies the opportunity to deliver with regulatory supervision innovative products, services and business models in the real market and with real consumers.

In addition to being a reputable financial center, Mauritius has been referred to as “Ethereum Island” and is becoming an international hub for blockchain startups, and here at SelfKey, we are proud to be part of it.

We would like to thank the BOI for their help and guidance during the licensing process and hope to maintain a HQ in Mauritius for the long term as SelfKey attempts to change the very nature of identity, and put the power and control of identity data back where it belongs, in the hands of identity owners.