Rwanda Warns Against Bybit FRW to Crypto Offering

Rwanda Reaffirms Crypto Ban After Bybit Adds Franc Support

Rwanda’s central bank has restated its prohibition on cryptocurrency activity involving the national currency after Bybit introduced support for the Rwandan franc on its peer-to-peer marketplace, prompting a swift regulatory response. In a statement published Sunday, the Centrak Bank of Rwanda said crypto-assets are not authorized for payments, conversions involving the franc, or peer-to-peer trading under the current framework. The central bank…

Bybit’s P2P Crypto Gateway In Rwanda Gets Axed - Invest In Crypto News

Helping you make informed financial decisions with the latest news and insights from the world of investing and cryptocurrency. Unlock the power of crypto.

Bybit’s P2P Crypto Gateway In Rwanda Gets Axed

Bybit has ranked low in Rwanda’s crypto adoption figures — and the country’s central bank wants to keep it that way. A Quick Expansion, A Quicker Response When the crypto exchange added the Rwandan franc to its peer-to-peer trading platform last Friday, it took the National Bank of Rwanda just two days to respond. The central bank posted a firm warning on X on Sunday, telling the public that using the local currency to buy or sell crypto remains…

Rwanda central bank warns against crypto use after Bybit adds franc support

Rwanda’s central bank has reiterated that cryptocurrency activity tied to the local currency remains prohibited, responding swiftly after crypto exchange Bybit introduced support for the Rwandan franc on its peer-to-peer marketplace. In a statement posted to X on Sunday, the…

Rwanda Central Bank Pushes Back on Bybit RWF P2P Launch

The National Bank of Rwanda has issued a clear warning after a new crypto feature went live. The statement came shortly after the Bybit announcement. That support for the Rwandan Franc (RWF) on its peer-to-peer (P2P) platform. The central bank said the Rwandan Franc is the only legal tender in the country. It also stressed that crypto assets are not approved for payments or trading involving the local currency. This response shows growing tensio…

Rwanda Rebukes Bybit's P2P Franc-to-Crypto Trading

Rwanda’s central bank has doubled down on its crypto stance, warning that payments and trading using the local currency remain illegal even as Bybit rolls out support for the Rwandan franc on its peer-to-peer (P2P) platform. The National Bank of Rwanda (NBR) said crypto-assets are not authorized for FRW payments, FRW conversions, or FRW-based P2P trading, flagging “serious financial risks and no recourse in case of loss.” The warning followed By…