- Rwanda’s Parliament approved the draft law’s explanatory memorandum to regulate virtual asset activities.
- Authorities aim to curb fraud, money laundering, and financing while protecting investors.
- The bill introduces a supervisory authority to oversee crypto service providers in coordination with the central bank.
Rwanda’s Parliament approved on Tuesday, March 31, the explanatory memorandum of a draft law designed to regulate activities related to virtual assets. The bill seeks to establish a clear legal framework for a fast-growing sector while balancing investor protection with support for digital innovation.
The draft law aims to prevent risks linked to money laundering and terrorism financing, according to the official document. It also seeks to protect consumers from the speculative nature of digital assets and to ensure market integrity and transparency.
Today, the Chamber of Deputies approved the rationale of the draft law regulating virtual assets in Rwanda. The law aims to create a safe and clear framework for this growing sector, protecting investors while supporting innovation.
— Ministry of Finance & Economic Planning (@RwandaFinance) March 31, 2026
The draft law will now move to the commission… pic.twitter.com/HmF6Oq2AiV
Moreover, the legislation aims to preserve financial stability by limiting systemic risks arising from the increasing interconnection between digital assets and the traditional financial system.
The proposal introduces a structured regulatory framework, including the designation of a supervisory authority tasked with overseeing virtual asset service providers in coordination with the central bank.
It also covers key activities such as exchange platforms, conversion services between fiat currencies and digital assets, and public offerings of crypto-assets. These offerings will now face enhanced disclosure requirements.
This initiative comes amid growing adoption and rising risks. Rwandan authorities have identified several fraud cases linked to fake digital asset projects.
Data presented during parliamentary discussions show that the Rwanda Investigation Bureau (RIB) has recorded 35 cases involving pyramid schemes and scams tied to pseudo-cryptocurrencies, resulting in significant financial losses for the population.
By introducing a dedicated regulatory framework, authorities aim to secure market practices, strengthen trust in digital financial services, and position Rwanda in Africa’s emerging digital asset market.
The bill will now move to the relevant parliamentary committee for further review before potential adoption.
This article was initially published in French by Samira Njoya
Adapted in English by Ange J.A de Berry Quenum
