Rwanda Central Bank Shuts Down Bybit P2P Operations
Rwanda’s central bank has restricted Bybit's peer-to-peer gateway, citing low adoption rates and a push to curb unregulated crypto activity.
The National Bank of Rwanda has officially moved to restrict Bybit’s peer-to-peer (P2P) crypto gateway within the country. The regulatory action follows reports indicating that Bybit maintained a marginal presence in Rwanda, with usage statistics reflecting low levels of local crypto adoption.
In a statement regarding the decision, the central bank emphasized its commitment to maintaining strict oversight of the nation's financial ecosystem. By targeting the exchange's P2P gateway, regulators aim to limit the availability of offshore digital asset platforms operating without formal domestic authorization. This move aligns with the bank's broader strategy to discourage the use of unregulated crypto services among Rwandan citizens. Bybit has not yet issued a formal public response regarding the specific impact of the regulatory ban on its local user base.