Key Takeaways:
The National Bank of Rwanda warned on April 5, 2026, that Bybit’s new FRW P2P feature violates the country’s crypto rules. NBR-licensed banks are prohibited from converting FRW to crypto, leaving users with zero legal recourse for losses. Rwanda’s Cabinet approved a draft VASP licensing framework on March 4, 2026, which could reshape crypto access rules. National Bank of Rwanda Issues Crypto WarningOther international exchanges, including Binance and Remitano, have offered FRW trading pairs for years with less regulatory response. Bybit’s public promotion appears to have drawn a more visible reaction from authorities.
