Rwanda: Governor of the National Bank signed Regulation No. 54/2022 governing electronic money issuers including licensing requirements
Description
Governor of the National Bank signed Regulation No. 54/2022 governing electronic money issuers including licensing requirements
On 1 September 2022, the Governor of the National Bank of Rwanda signed Regulation No. 54/2022 governing electronic money (e-money) issuers, including licensing requirements. Non-deposit-taking institutions intending to issue e-money must adhere to the licensing rules established under the regulations governing payment service providers. Deposit-taking financial institutions can also issue e-money if authorised by the National Bank of Rwanda.
Original sourceScope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central government