Jurisdiction reference
Rwanda
Regulator: BNR. License/registration context: Registration. 2 VASP/entity records are tracked by Plexo Institute in Rwanda. Official registry source: BNR — official regulator. Data last updated: 2026-08-28.
Rwanda's draft Law Regulating Virtual Asset Business (released March 2025) establishes a comprehensive regulatory framework for stablecoins and virtual assets under the Capital Markets Authority's supervision. The law permits stablecoins, subject to identical stringent requirements: issuers must maintain 100% backing in verified reserve assets held by professional, licensed custodians in segregated accounts, obtain Regulatory Authority approval, employ accredited valuators, ensure reserves are liquid enough to cover all outstanding redemptions, comply with AML/CFT standards including customer due diligence and suspicious transaction reporting, and submit quarterly financial reports and audited statements to the CMA.
Regulatory Status
- Jurisdiction code
- RW
- Regime
- Registration
- Regulator
- BNR
- Governing law
- National Bank of Rwanda regulations
- Travel Rule
- In Progress
- Tracked entities
- 2
- Recognized stablecoin backing
- fiat-backed, crypto-backed, commodity-backed, algorithmic
- Yield-bearing stablecoins
- Restricted
- Currency
- RWF
Regulatory approach
The Capital Markets Authority of Rwanda is designated as the regulatory authority for virtual assets business under the draft law (Article 4). The CMA holds extensive powers including: issuing, suspending, and revoking VASP licenses; establishing rules and standards for virtual asset issuance, offering, and trading; approving stablecoin issuances and real-world asset tokenization; ensuring investor/consumer protection and market integrity; enforcing AML/CFT compliance; conducting inspections and examinations; and applying enforcement actions including reprimands, enforcement notices, activity restrictions, and license suspension/revocation.
Relationship Graph
Jurisdiction FAQ
Who regulates Rwanda?
The current Plexo Institute record lists BNR as the regulator for Rwanda.
How many VASPs are tracked in Rwanda?
2 VASP/entity records are tracked by Plexo Institute in Rwanda.
What is the Travel Rule status in Rwanda?
The current Plexo Institute record lists the Travel Rule status for Rwanda as In Progress.
Source Evidence
This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.