Rwanda's central bank warned against FRW-based crypto payments and P2P trading after Bybit listed FRW on its platform, while a draft law would allow fines of up to 30 million FRW for unlicensed VASP operators. Rwanda's Cabinet approved the bill on March 4, 2026, and the Chamber of Deputies passed its general principles on March 31, while committee review continues. The BNR is also running a 12-month domestic pilot for its e-FRW CBDC after completing a proof-of-concept in February 2026.