For years, Rwanda maintained a cautious, largely restrictive position on cryptocurrency, with the National Bank of Rwanda directing financial institutions to avoid crypto-related activities altogether due to concerns about consumer protection and financial stability. That position is now evolving.

Rwanda has moved toward introducing a draft law aimed at regulating virtual assets, signaling a shift from outright caution toward structured oversight. While the draft has not yet been formally published in the Official Gazette, its emergence suggests that a regulatory framework — expected to be led by the Capital Market Authority — is on the horizon. This is an important development for entrepreneurs, fintech innovators, and investors who have been watching Rwanda’s digital asset space cautiously.

A clear regulatory framework could open the door to new business opportunities in blockchain and digital finance, while also introducing new compliance obligations for anyone operating in this space. Businesses currently exploring virtual asset ventures, or those already active in adjacent fintech sectors, should closely monitor these developments, as early positioning and compliance readiness will matter once the law is finalized.

Fortis Law Chamber is tracking this legislation closely and advising clients on how to prepare for the changing regulatory landscape. Get in touch if you’re exploring opportunities in Rwanda’s digital asset or fintech space.