Rwanda Reaffirms Crypto Ban After Bybit Adds Franc Support
Bitcoin Magazine
The Central Bank of Rwanda has reiterated its crypto ban after Bybit enabled peer-to-peer trading using the Rwandan franc.Summary
The Central Bank of Rwanda has issued a formal reminder that cryptocurrencies are not authorized for payments or conversions involving the national currency. This action followed a move by the crypto exchange Bybit to allow users to trade digital assets using the Rwandan franc on its platform. Regulators emphasized that the franc remains the only legal tender and that financial institutions are prohibited from facilitating crypto-related conversions to protect financial stability.
(Source：Bitcoin Magazine)