Rwanda Central Bank Warns Against Bybit P2P Trading Services

The National Bank of Rwanda has issued an official warning against the use of Bybit's peer-to-peer (P2P) platform for cryptocurrency trading. This regulatory intervention comes after Bybit expanded its services to include the Rwandan Franc (RWF) as a supported asset for digital currency exchange. The central bank emphasized that Bybit is not authorized to facilitate financial transactions involving the local currency. This move signals a tightening of regulatory oversight on unauthorized digital asset services within the country. While the impact on global crypto prices remains minimal, it creates significant friction for local adoption. Investors are advised to exercise caution when dealing with unregulated platforms to maintain financial security and regulatory compliance.