Key Takeaways
- Parliament passed a law granting Rwanda’s CMA explicit power to license and regulate virtual asset providers.
- Jerome Ndayambaje noted bitcoin faces high scrutiny, while some of the world’s 9,000 cryptos will be blocked.
- The CMA is currently drafting secondary regulations to formally launch its licensing regime for crypto firms.
Mandatory Licensing for Crypto Service Providers
Rwanda’s Capital Markets Authority (CMA) has outlined how its upcoming virtual asset regulations will govern cryptocurrency trading, token issuance and digital investment platforms, following Parliament’s recent approval of a landmark bill establishing the country’s first legal framework for digital assets.
The legislation, passed earlier this…
