Bybit Crosses a Line in Rwanda That Binance Has Walked for Years Without Consequence

The National Bank of Rwanda (BNR) publicly warned citizens against using the Rwandan Franc (FRW) for crypto transactions, two days after global exchange Bybit listed FRW on its peer-to-peer (P2P) platform without regulatory clearance. The BNR highlighted Bybit’s promotional announcement, stating that crypto-assets remain unauthorized for payments, FRW conversion, or P2P trading under current law.
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