Rwanda: Law No. 61/2021 Governing the Payment System including licensing requirements entered into force
Description
Law No. 61/2021 Governing the Payment System including licensing requirements entered into force
On 1 November 2021, Law No. 061/2021 Governing the Payment System, enters into force after being published in the official gazette. The law outlines licensing requirements for payment service providers, mandating the National Bank of Rwanda (BNR) to…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central government