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Rwanda vs Yemen

Crypto regulation comparison

← Back to map | Rwanda | Yemen
Rwanda

Rwanda

Yemen

Yemen

Restricted
Restricted

Rwanda is developing a comprehensive crypto regulatory framework. The NBR and Capital Markets Authority are drafting a law requiring VASPs to obtain CMA licenses. The draft law prohibits crypto as legal tender, bans mining and crypto ATMs, and imposes fines up to 30M RWF and imprisonment for unlicensed operators.

Yemen has a restrictive environment for cryptocurrency due to ongoing conflict and fragmented governance. The Central Bank has warned against crypto use. International sanctions further restrict access.

Tax Type None
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges No No
Exchanges No No
Mining No No
Mining No No
Regulator National Bank of Rwanda (NBR), Capital Markets Authority (CMA)
Regulator Central Bank of Yemen
Stablecoin Rules Draft law prohibits crypto as payment; mining and crypto ATMs banned
Stablecoin Rules No stablecoin regulation
Key Points
  • Draft law requires VASPs to obtain licenses from Capital Markets Authority
  • Crypto prohibited as legal tender or payment method under draft law
  • Crypto mining, crypto ATMs, and mixer/tumbler services banned
  • Penalties include fines up to 30M RWF and up to 5 years imprisonment
  • Framework driven by FATF compliance on AML requirements
Key Points
  • Central Bank has warned against cryptocurrency use
  • Ongoing conflict limits regulatory development
  • International sanctions restrict access to crypto platforms
  • No specific cryptocurrency legislation
  • Very limited crypto infrastructure
Sources
Sources