In a statement released today, the central bank clarified that under the current regulatory framework, any platform, exchange, or service facilitating Birr-paired P2P trading is prohibited unless explicitly authorized by the NBE. This ban specifically extends to all forms
The NBE’s notice serves to define the legal boundaries of digital asset trading within the country, emphasizing that the national payment system currently excludes such informal financial channels. The central bank stated that these unauthorized transactions operate outside the regulated financial ecosystem, lacking the mandatory safeguards associated with formal financial institutions.
While acknowledging the global growth of digital and virtual assets, the NBE reiterated its commitment to maintaining financial stability and system integrity. The institution announced that it is actively developing a comprehensive regulatory framework designed to eventually facilitate safe participation in digital asset technologies.
“This process includes ongoing consultations with international peer regulators and domestic stakeholders to ensure alignment with global best practices,” the NBE stated. Until this framework is formally introduced and authorized, the public is warned that engaging in Birr-paired P2P cryptocurrency transactions remains a violation of current regulations.
