Rwanda don confirm crypto ban again as Bybit add Rwandan franc P2P

Rwanda central bank don confirm say dem still ban crypto wey dey linked to Rwandan franc (RWF/FRW) after Bybit turn on franc-denominated support for im P2P platform. Regulator talk say cryptocurrencies no authorized for Rwanda for payments, to convert between crypto and the Rwandan franc, or for peer-to-peer trading wey involve FRW under the current legal framework. Statement yarn again say Rwandan franc na only legal tender and supervised financial institutions no fit help make exchanges between FRW and crypto-assets. Central bank also warn consumers say if dem use franc-linked crypto platforms fit loss money and government no go provide formal protection. Bybit no clear publicly how dem dey comply with local regulation for the franc feature. Rwanda policy follow the strict stance since the 2018 crypto crackdown, while another draft licensing framework from Capital Markets Authority dey propose supervised, permissioned virtual-asset service provider operations and point out risks like mining, privacy mixers, and tokens pegged to the Rwandan franc. Related development: Rwanda dey test state-backed CBDC, the e-franc, as controlled upgrade to payment systems under central bank oversight. Trading implication: This Rwanda crypto ban fit reduce demand for franc-linked on/off-ramps and P2P liquidity locally, but e go get limited spillover to global crypto prices. Traders suppose monitor compliance headlines and FRW-specific channel liquidity shifts.