On 31 March 2026, the Plenary Sitting of the Chamber of Deputies approved the relevance of the draft law governing virtual asset business.

The proposed legislation aims to regulate virtual asset transactions and protect Rwandans from fraud and theft that have been reported in schemes disguised as short-term investment opportunities, commonly known as pyramid schemes.

The adoption of the draft law at this stage marks an important step toward establishing a clear legal framework to ensure transparency, accountability, and security in the rapidly growing virtual asset sector.

Here are the key elements of the draft law on virtual assets business:

-       - Consumer Protection: The draft law aims to protect Rwandans from fraud and theft prevalent in the digital asset space, particularly scams disguised as high-yield "pyramid schemes";

-       - Crime Prevention: The draft law establishes stringent measures to prevent money laundering, the financing of terrorism, and other cyber-enabled crimes;

-       - Promoting Innovation: This legislation will pave the way for new investment and financial innovations, enabling Rwanda to remain competitive in the digital economy and foster job creation;

-       - Operational Licensing: Any legally registered entity wishing to provide digital asset services must first be granted a license by the Capital Market Authority (CMA), acting as the Regulatory Body.