Rwanda’s central bank has restated its prohibition on cryptocurrency activity involving the national currency after Bybit introduced support for the Rwandan franc on its peer-to-peer marketplace, prompting a swift regulatory response.

In a statement published Sunday, the Centrak Bank of Rwanda said crypto-assets are not authorized for payments, conversions involving the franc, or peer-to-peer trading under the current framework. The central bank warned residents against using such services, citing financial risks and the absence of legal protection in cases of loss.

The clarification followed an announcement from Bybit on Friday that users could buy and sell digital assets using the…

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