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3232Rwanda Preparing to Regulate Cryptocurrencies: ‘Cannot Get Rid of Them,’ Says Governor
https://www.digit.info/rwanda-preparing-to-regulate-cryptocurrencies-cannot-get-rid-of-them-says-governor/
Wed, 27 Nov 2024 11:30:09 +0000https://www.digit.info/rwanda-preparing-to-regulate-cryptocurrencies-cannot-get-rid-of-them-says-governor/Read more]]>Rwanda is preparing to regulate cryptocurrencies in early 2025, the governor of the central bank has said. Central Bank Head Warns of Unregulated Crypto Rwanda is poised to implement regulations governing the use and trade of cryptocurrencies, according to John Rwangomba, governor of the National Bank of Rwanda (NBR). Rwangomba anticipates the regulations will be […]
]]>Nigerian Fintech Flutterwave Obtains Two Licenses From Rwandan Central Bank
https://www.digit.info/nigerian-fintech-flutterwave-obtains-two-licenses-from-rwandan-central-bank/
Sun, 19 Mar 2023 13:00:15 +0000https://www.digit.info/2023/03/19/nigerian-fintech-flutterwave-obtains-two-licenses-from-rwandan-central-bank/Read more]]>Flutterwave, the Nigerian fintech giant, recently said it had obtained two licenses from the National Bank of Rwanda, which allow it to offer its services to more than 13 million people living and working in Rwanda. According to Flutterwave’s representative in the country, the two licenses make it possible for her company “to provide safe, […]
]]>Rwanda Government Orders Banks to Stop Facilitating Crypto-Related Transactions
https://www.digit.info/rwanda-government-orders-banks-to-stop-facilitating-crypto-related-transactions/
Tue, 14 Feb 2023 09:30:27 +0000https://www.digit.info/2023/02/14/rwanda-government-orders-banks-to-stop-facilitating-crypto-related-transactions/Read more]]>According to the National Bank of Rwanda, the country’s regulated financial services providers are now prohibited from facilitating crypto-related transactions. In her Jan. 31 letter justifying the decision, the acting governor Soraya Hakuziyaremye cites the unregulated status of most crypto assets and how this leaves users without the “guarantees and safeguards associated with regulated financial […]
]]>Rwanda May Not Reach Decision on CBDC Issuance Until End of 2022 — Central Bank Official
https://www.digit.info/rwanda-may-not-reach-decision-on-cbdc-issuance-until-end-of-2022-central-bank-official/
Thu, 03 Mar 2022 12:30:45 +0000https://www.digit.info/2022/03/03/rwanda-may-not-reach-decision-on-cbdc-issuance-until-end-of-2022-central-bank-official/Read more]]>The Rwandan central bank may not know whether it can issue a digital currency until December 2022, when it completes a study that looks at the benefits and risks that come with such a currency, the bank’s deputy governor has said. The Investigation Phase The deputy governor of the Rwandan central bank, Soraya Hakuziyaremye, recently […]
]]>Rwanda Central Bank Joins CBDC Bandwagon After Announcing Digital Currency Research
https://www.digit.info/rwanda-central-bank-joins-cbdc-bandwagon-after-announcing-digital-currency-research/
Wed, 23 Jun 2021 02:30:29 +0000https://www.digit.info/2021/06/23/rwanda-central-bank-joins-cbdc-bandwagon-after-announcing-digital-currency-research/Read more]]>The National Bank of Rwanda (NBR) has become the latest African central bank to join the digital currency movement after an employee confirmed the institution is studying the possibilities of issuing its own digital currency. CBDC Implications on Financial Stability According to the employee, John Karamuka, this study will be looking at economic, financial, and […]
Rwanda is preparing to regulate cryptocurrencies in early 2025, the governor of the central bank has said. Central Bank Head Warns of Unregulated Crypto Rwanda is poised to implement regulations governing the use and trade of cryptocurrencies, according to John Rwangomba, governor of the National Bank of Rwanda (NBR). Rwangomba anticipates the regulations will be […]
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Flutterwave, the Nigerian fintech giant, recently said it had obtained two licenses from the National Bank of Rwanda, which allow it to offer its services to more than 13 million people living and working in Rwanda. According to Flutterwave’s representative in the country, the two licenses make it possible for her company “to provide safe, […]
According to the National Bank of Rwanda, the country’s regulated financial services providers are now prohibited from facilitating crypto-related transactions. In her Jan. 31 letter justifying the decision, the acting governor Soraya Hakuziyaremye cites the unregulated status of most crypto assets and how this leaves users without the “guarantees and safeguards associated with regulated financial […]
The Rwandan central bank may not know whether it can issue a digital currency until December 2022, when it completes a study that looks at the benefits and risks that come with such a currency, the bank’s deputy governor has said. The Investigation Phase The deputy governor of the Rwandan central bank, Soraya Hakuziyaremye, recently […]
The National Bank of Rwanda (NBR) has become the latest African central bank to join the digital currency movement after an employee confirmed the institution is studying the possibilities of issuing its own digital currency. CBDC Implications on Financial Stability According to the employee, John Karamuka, this study will be looking at economic, financial, and […]