Regulatory Bodies
Regulatory body data collection in progress for Burundi. Our AI research workers are actively gathering this information.
Operating Models
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Primary Legislation
| Law / Regulation | Year | Scope |
|---|---|---|
| **Law No. 1/01 of January 20, 2011, on the Regulation of the Financial Market:** | 2011 | **Law No. 1/01 of January 20, 2011, on the Regulation of the Financial Market:** This law (and any subsequent amendments... |
Licensing Requirements
Cryptocurrencies are not recognized as legal tender in Burundi.
They are not regulated by the BRB, meaning there is no legal protection for users or investors.
They carry significant risks, including price volatility, lack of consumer protection, and potential use for illicit activities such (e.g., money laundering and terrorist financing).
Financial institutions are explicitly prohibited from engaging in cryptocurrency-related activities.
**Cryptocurrency Exchanges:** Operating a crypto exchange in Burundi is prohibited.
**Custody Providers:** Providing crypto custody services is prohibited.
**Payment Processors:** Engaging in payment processing for transactions involving cryptocurrencies is prohibited. Traditional fiat payment processors would still require relevant licenses from the BRB for their conventional operations, but these licenses would not extend to virtual assets.
**Minimum Capital Requirements:** To ensure financial stability and solvency of operators.
**Robust AML/KYC Obligations:** To combat money laundering and terrorist financing, requiring identity verification of customers and transaction monitoring.
**Local Presence:** Often a requirement for financial services providers to ensure effective oversight and consumer protection.
**Communiqué N° BRB/DGD/2021-002 du 16 Décembre 2021 de la Banque de la République du Burundi** (Bank of the Republic of Burundi Communiqué No. BRB/DGD/2021-002 of December 16, 2021).
This communiqué specifically warned the public against the risks of cryptocurrencies and prohibited financial institutions from dealing with them.
**Official Source:** While direct links to specific BRB PDFs can change, you would typically find these under the "Communiqués" or "Publications" section of the BRB's official website.
You may need to navigate to the "Publications" or "Communiqués" section and search for the specific year (2021) and document number.
**Payment:** As a medium of exchange.
**Investment:** As an asset for speculation or capital appreciation.
**Fundraising:** For initial coin offerings (ICOs) or other token sales.
**Bank of the Republic of Burundi Communiqué (March 2019):** This is the most significant regulatory action. The BRB issued a communiqué warning the public against the use and trading of virtual currencies, highlighting the risks of fraud, money laundering, terrorist financing, and market manipulation. It explicitly stated that cryptocurrencies are not recognized as legal tender or a regulated financial product in Burundi and that local banks and financial institutions are prohibited from facilitating transactions involving them. This communal acts as a de facto ban within the formal financial system.
While not an "enforcement" against a specific entity, it serves to prevent activity and creates a legal basis for future enforcement if someone were to openly defy it. Any entity found to be engaging in unauthorized financial activities (including crypto-related ones) could face penalties under existing banking and financial laws for operating outside regulatory licenses.
**Bank of the Republic of Burundi (BRB):**
The **Communiqué of March 2019** (or similar subsequent updates) is the primary regulatory guidance. While direct links to historical communiqués in English might be difficult to find on the BRB's site, its existence and content are widely reported by regional news outlets and legal firms. You would typically find it under "Communiqués" or "Publications" on their website.
*Note:* The BRB's official communiqués are often published in French.
**Law No. 1/01 of January 20, 2011, on the Regulation of the Financial Market:** This law (and any subsequent amendments) governs the financial market in Burundi and establishes the Financial Market Authority (AMF). While it doesn't mention crypto, it would be the foundational legal text if crypto assets were ever to be formally regulated as securities.
Finding the specific legal text online can be challenging; often, these are available through legislative databases or local legal counsel.
AML/KYC Requirements
**Subsequent Amendments and Regulations:** The law is subject to updates and specific regulations issued by relevant authorities, primarily the Financial Intelligence Unit (FIU) and the Central Bank.
Identification and verification of beneficial owners under FinCEN’s CDD Rule is risk‑based and may be limited by covered financial institutions, rather than being an unconditional, blanket requirement for all federal business relationships.
For individuals, identity verification for customer due diligence may be performed using reliable, independent source documents, data, or information, and may also use non-documentary methods such as third-party data, direct contact, or other reasonable verification procedures; utility bills may be used for address verification where permitted.
**For Legal Entities:** Obtaining and verifying the legal name, form, proof of existence, powers that regulate and bind the entity, and the identity of the natural persons who are beneficial owners.
**Understanding the Business Relationship:** Obtaining information on the purpose and intended nature of the business relationship.
**Ongoing Monitoring:** Conducting ongoing due diligence on the business relationship and scrutiny of transactions undertaken throughout the course of that relationship to ensure that the transactions are consistent with the obliged entity's knowledge of the customer, their business, and risk profile.
**Risk-Based Approach:** Applying a risk-based approach, meaning:
**Simplified CDD (SCDD):** Allowed for lower-risk customers, products, or transactions.
**Enhanced CDD (ECDD):** Required for higher-risk situations, such as:
Large value transactions (thresholds would be defined in specific regulations)
Transactions involving new technologies or anonymous transactions where the risks are not mitigated.
Under FATF Recommendation 15 and its interpretive note, virtual asset service providers (VASPs) are expected to be explicitly licensed or registered and directly subject to full AML/CFT requirements—including customer due diligence (CDD), record‑keeping, ongoing monitoring, suspicious transaction reporting, and Travel Rule obligations—on the same footing as other regulated financial institutions, rather than having CDD applied only hypothetically or merely ‘by analogy’ if they were formally regulated.
Source of funds/wealth verification for significant transactions.
Regulated institutions are expected to conduct risk‑based, ongoing sanctions and broader watchlist screening of customers, their transactions, counterparties, and beneficial owners against up‑to‑date sanctions lists and other relevant watchlists (such as PEP, law‑enforcement, and similar datasets), rather than limiting checks to one‑off customer screening only.
Obtaining information on the sender and recipient of virtual asset transfers (Travel Rule equivalent for unhosted wallets, though this is difficult to implement without explicit regulation).
**Reporting Thresholds:** While specific thresholds might exist for certain fiat transactions, the primary obligation is to report any transaction (regardless of amount) that is suspected of being related to money laundering or terrorist financing.
**Content of Report:** Reports must contain all relevant information about the customer, the transaction, and the grounds for suspicion.
**No Tipping-Off:** Obliged entities, their directors, officers, and employees are prohibited from disclosing to the customer or any third party that a STR has been or will be submitted.
Copies of identification documents obtained during CDD.
Account files, business correspondence, and transaction data.
Records of suspicious transaction reports submitted.
**Retention Period:** Records must typically be kept for a minimum period of **five (5) years** after the business relationship ends or after the date of the occasional transaction.
Burundi’s financial intelligence unit is the Cellule Nationale du Renseignement Financier (CENTIF), whose legal framework was modified by a 2026 decree, indicating the current official designation and organization should be read in that updated form.
CENTIF is the central national authority responsible for receiving, analyzing, and disseminating suspicious transaction reports to law enforcement agencies for investigation and prosecution. It also plays a role in developing AML/CFT policies and guidelines.
**URL:** http://www.centif.bi/ (Note: Website availability and content can vary over time).
**Banque de la République du Burundi (BRB) – The Central Bank of Burundi:**
**Regulatory Ambiguity and Risk:** Given the lack of specific VASP regulation and the central bank's cautionary stance, operating a cryptocurrency service in Burundi could be deemed operating without proper authorization or even be subject to bans.
**FATF Standards:** While Burundi's laws don't explicitly mention VASPs, the country is a member of the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG), a FATF-style regional body. This means it is expected to implement FATF recommendations, including Recommendation 15 on virtual assets. Future legislation is likely to align with these global standards.
**Local Legal Counsel:** Any entity considering providing VASP services in Burundi should seek urgent advice from local legal counsel specializing in financial services and AML/CFT to understand the current legal status, potential risks, and any implicit obligations under existing laws.
**Loi N° 1/03 du 10 Janvier 2017 portant prévention et répression du blanchiment d'argent et du financement du terrorisme au Burundi (Law N° 1/03 of 10 January 2017 on the Prevention and Suppression of Money Laundering and Terrorist Financing in Burundi):**
While difficult to find an official English translation or direct government URL for the full text, it is the cornerstone of Burundi's AML/CFT framework.
**ESAAMLG Mutual Evaluation Report of Burundi (2018):**
URL: https://www.esaamlg.org/reports/view/17804 (You'll need to navigate to "Mutual Evaluation Report of Burundi" and download the PDF).
**Relevant excerpts from the 2018 MER (pre-dating the full Travel Rule guidance for R.15 but indicating general status):** The report would typically note if virtual assets are addressed. For Burundi in 2018, the framework was not yet adapted to cover virtual assets.
Travel Rule
Travel rule data collection in progress.
Tax Reporting
**Overall Official Stance (Non-Tax Specific):**
The **Banque de la République du Burundi (BRB)** has publicly warned against the use of cryptocurrencies, stating that they are not legal tender, are not regulated by the BRB, and carry significant risks (volatility, scams, money laundering). This official position strongly suggests that crypto transactions are not formally recognized or endorsed, which complicates their tax treatment.
BRB has more recently taken an active engagement stance toward financial innovations and crypto‑linked assets—such as its memorandum of understanding with Quadra Capital to create an investment fund for problematic assets—rather than maintaining a clearly consistent, long‑standing cautionary stance in its public communications.
The official website of the Banque de la République du Burundi (BRB) is https://www.brb.bi/, and while much of the site remains primarily in French, it now includes some English-language content and documents; however, users still generally need to navigate French-language sections (e.g., news, publications) to locate specific circulars.
Burundi imposes a -100% tax rate on both short-term and long-term capital gains from cryptocurrencies, effectively confiscating all gains rather than having no specific legislation.
**Potential Interpretation (Analogy):** If the tax authorities (Office Burundais des Recettes - OBR) were to interpret it, they *could* potentially view cryptocurrencies as movable assets.
**For Individuals:** Burundi's tax system generally applies income tax to various forms of income. Whether gains from the sale of personal movable assets (like crypto) would automatically fall under capital gains for individuals is highly uncertain without specific guidance. Many jurisdictions don't tax individual capital gains on such assets unless they are part of a business activity.
**For Businesses:** If a business deals in cryptocurrencies and realizes a gain from their sale, this gain would typically be considered part of the business's taxable profit and subject to **Corporate Income Tax**.
**Corporate Income Tax:** The standard corporate income tax rate in Burundi is generally around **30%**.
**Individual Income Tax:** Burundi has a progressive income tax scale for individuals, with rates varying based on income brackets. If crypto gains were deemed "other income," they could potentially be subject to these rates.
In Burundi, cryptocurrency is either banned or in a legal grey area with no established income tax regime; no standard income tax on crypto applies.
If an individual earns cryptocurrency as a form of remuneration for services rendered, salary, or professional fees, this would likely be considered taxable income under the general **Personal Income Tax** rules. The value would be converted to Burundian Francs (BIF) at the time of receipt.
Income from crypto mining, if it were deemed a professional or business activity, would also likely be subject to personal income tax.
Businesses that accept cryptocurrency as payment for goods or services, or derive income from crypto-related activities (e.g., operating an exchange, mining as a business), would likely include the BIF equivalent of this income in their taxable revenue, subject to **Corporate Income Tax**.
**Personal Income Tax:** Progressive scale, up to a maximum rate (you'd need to consult the current tax law for specific brackets and rates).
In the United States, the federal corporate income tax rate is 21%, and typical combined federal‑plus‑state statutory corporate tax burdens are generally in the mid‑20% range, not approximately 30%.
Many jurisdictions treat financial services as exempt from VAT. If cryptocurrency is considered a "financial service" or a "currency equivalent" in some contexts, then direct transactions involving crypto (like buying/selling crypto itself) might be exempt.
However, services *related* to cryptocurrency (e.g., fees charged by a crypto exchange, software development for crypto platforms) could potentially be subject to VAT, as they are a supply of taxable services.
**VAT Rate (General):** The standard VAT rate in Burundi is generally **18%**.
**Reporting Requirements for Individuals and Businesses:**
**No Specific Crypto Reporting:** There are no specific reporting requirements for cryptocurrency holdings or transactions in Burundi.
**General Reporting Principles:** If, by interpretation, crypto-related income or gains are deemed taxable under existing tax laws, then they would need to be reported as part of an individual's annual income tax declaration or a business's corporate income tax return.
This would involve valuing the crypto in Burundian Francs (BIF) at the relevant transaction dates.
**Practical Challenges:** Due to the lack of explicit guidance and the Central Bank's cautionary stance, compliance levels for crypto-related income are likely very low, and enforcement by the OBR would be challenging without a clear legal framework.
**None Identified:** As of the last available information, Burundi has **no specific tax legislation** dedicated to cryptocurrencies or virtual assets. The government's focus, as indicated by the Central Bank, has been on warning the public about risks rather than establishing a regulatory and tax framework.
**Office Burundais des Recettes (OBR)** - Burundi Revenue Authority
In Burundi, you still need to consult the general tax legislation (Code Général des Impôts et Taxes, annual finance laws, and related tax/procedural statutes) together with current decrees, conventions, and implementing texts to understand how existing tax categories (such as income tax, corporate tax, and VAT) might apply to crypto. However, the central online hub for these materials is now the Office Burundais des Recettes (OBR) and other official government sites (Finance Ministry, Presidency), rather than a single generic ‘website’ hosting all tax laws and circulars.
Custody Requirements
Trading of cryptocurrencies, including associated custodial services, is banned in Burundi, making the discussion of mandated safeguards irrelevant as the market is non-operational.
**Segregation of Client Assets Rules:**
**None Specified:** Given the lack of specific crypto regulation, there are no explicit rules or mandates for the segregation of client digital assets from the custodian's own assets. In traditional finance, this is a cornerstone of investor protection, but it has not been extended to digital assets in Burundi's legal framework.
**None Specified:** There are no specific insurance or bonding requirements mandated for cryptocurrency custodians in Burundi. Providers would operate without such safeguards unless they voluntarily implement them as part of their business practice.
**None Specified:** There are no specific regulatory mandates requiring the use of cold storage (offline storage) for digital assets held in custody. Custodians are free to adopt their own security practices without specific regulatory guidance on this matter.
**None Specified:** Burundi's legal and regulatory framework does not define what constitutes a "qualified custodian" for digital assets. This term, common in jurisdictions with mature crypto regulations (e.g., the U.S.), has no specific meaning or application under Burundian law concerning cryptocurrencies.
**No Public Information:** As of the latest available information, there is no publicly announced or pending legislation specifically addressing cryptocurrency custody or a broader digital asset regulatory framework in Burundi. While the global trend points towards increased regulation of digital assets, Burundi has not yet indicated movement in this direction.
**Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) Laws:** Burundi, like most countries, has AML/CFT laws (e.g., Law N°1/04 of February 24, 2010 on the Fight against Money Laundering and the Financing of Terrorism, and subsequent amendments) that would generally apply to financial transactions and institutions. While these laws do not explicitly mention cryptocurrencies, financial institutions facilitating any transactions that involve digital assets might be expected to adhere to general AML/CFT principles if they were to engage in such activities.
**Central Bank Warnings:** The Banque de la République du Burundi (BRB) has previously issued warnings about the risks associated with cryptocurrencies. These warnings typically advise the public that cryptocurrencies are not recognized as legal tender and are not regulated by the BRB, meaning users lack consumer protection from the central bank.
**Banque de la République du Burundi (BRB) - Official Website:** As the primary financial regulator, any official statements would originate here. However, direct official statements regarding cryptocurrency regulation are often not easily archived or translated on their public site.
Banque de la République du Burundi Official Website (Note: The content on specific crypto warnings might not be readily available in English or archived on the main site directly, but this is the authoritative source for Burundian financial regulation).
**General overview often cites the BRB's position:**
Stablecoin Regulation
**Lack of legal tender status:** Cryptocurrencies are not recognized as a means of payment guaranteed by the state.
Stablecoin activities in many jurisdictions, including BI, are no longer entirely outside the purview of financial regulation; however, gaps and weaknesses in crypto‑specific AML/CFT and prudential frameworks, and in their supervision and enforcement, continue to create elevated risks of money laundering, terrorist financing, and consumer protection harms.
Volatility and speculation: Although stablecoins aim to mitigate price volatility, regulators increasingly differentiate them from other digital assets and are developing stablecoin‑specific regulatory frameworks due to their distinct links to the traditional financial system and related policy and prudential risks.
**Risk to financial stability:** Unregulated digital assets are seen as posing a potential threat to the stability of the national financial system.
Burundi does not classify crypto-assets into categories such as e-money, payment tokens, or securities.
Stablecoins are **not officially classified** as e-money, payment tokens, or securities within a recognized regulatory framework in Burundi.
The BRB views all cryptocurrencies as unregulated digital assets that are **not legal tender** and are **outside the regulated financial system**. Therefore, they do not fit into existing classifications for regulated financial instruments.
There are **no specific reserve requirements** for stablecoins in Burundi because their issuance and operation are not permitted within the official financial system.
There is **no licensing regime** for stablecoin issuers. No entity can be licensed by the BRB or any other Burundian financial authority to issue stablecoins legally in Burundi.
There are **no legally enforceable redemption rights** for stablecoin holders under Burundian law. Since stablecoins are not recognized or regulated, users engaging with them do so outside the legal protection of the Burundian financial system.
There are **no specific rules** addressing algorithmic stablecoins. The general prohibition applies irrespective of the stablecoin's mechanism (fiat-backed, crypto-backed, or algorithmic).
As of now, Burundi has **not announced the development or implementation of a Central Bank Digital Currency (CBDC)**.
However, many central banks in the region are exploring CBDCs. Should Burundi decide to explore or issue a CBDC, it would likely be a distinct national digital currency, fully controlled and issued by the BRB, operating in parallel to (or as an evolution of) existing fiat currency. Its existence would not necessarily imply a shift in the BRB's stance on private stablecoins, which are generally seen as distinct and potentially competing with a sovereign CBDC.
**Communiqué of the Banque de la République du Burundi (BRB) on Cryptocurrencies (e.g., 2021/2018):**
The BRB has repeatedly issued communiqués warning the public about the risks associated with cryptocurrencies. While a direct, permanently linked official BRB communiqué in English is often difficult to pinpoint online, the message is consistent and widely reported. These communiqués generally state that cryptocurrencies are not legal tender, are not regulated by the BRB, and engaging in them is at one's own risk.
**Reference (News Reporting on BRB's Stance):**
BRB is no longer just the subject of earlier or hard‑to-trace regulatory warnings; as of late 2025 and early 2026 it is under active and heightened regulatory and legal scrutiny related to Banco Master deals that left an estimated near‑$1 billion hole, with ongoing police probes and regulatory investigations superseding any prior, more elusive warning references.
While general news reports often document pronouncements, the availability of dedicated, specialized, and comprehensive local platforms, alongside consistently documented international diplomatic records, provide readily accessible means of tracking Burundi’s official stance.
**General Laws related to Payment Systems and Financial Institutions:**
The **Law No. 1/03 of February 11, 2003, on the Organization of the Banking System** and subsequent amendments, along with the **Law No. 1/14 of July 29, 2010, on the Regulation of Payment Systems**, lay down the framework for traditional financial services and legal tender. Cryptocurrencies, by not being explicitly included and being subject to BRB warnings, fall outside this regulated system.
**Banque de la République du Burundi Official Website:** While not specific legislation on stablecoins, this is the official source for all financial regulations in Burundi. You would look for circulars or press releases under "Publications" or "Communiqués."
URL: https://www.brb.bi/ (Content generally in French, Kirundi, and sometimes English, but specific crypto warnings may not always be prominently archived or easily searchable in English).
Securities Classification
Securities classification data collection in progress.
Sanctions & Restrictions
Sanctions data collection in progress.
Enforcement Actions
No verified facts yet. 4 unverified fact(s) in explorer
Research & Articles
Regulatory Forecast
high confidenceLikely new licensing requirements expected around 2026-07-08
Based on 122 historical regulatory events for Burundi, averaging every 70 days, with decreasing regulatory activity.
Recent Updates
**Subsequent Amendments and Regulations:** The law is subject to updates and specific regulations issued by relevant ...
**Subsequent Amendments and Regulations:** The law is subject to updates and specific regulations issued by relevant authorities, primarily the Financial Intelligence Unit (FIU) and the Central Bank.
**Banque de la République du Burundi (BRB) – The Central Bank of Burundi:**
**Banque de la République du Burundi (BRB) – The Central Bank of Burundi:**
**Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) Laws:** Burundi, like most countries, has AML/CFT...
**Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) Laws:** Burundi, like most countries, has AML/CFT laws (e.g., Law N°1/04 of February 24, 2010 on the Fight against Money Laundering and the Financing of Terrorism, and subsequent amendments) that would generally apply to financial transactions and institutions. While these laws do not explicitly mention cryptocurrencies, financial institutions facilitating any transactions that involve digital assets might be expected to adhere to general AML/CFT principles if they were to engage in such activities.
**Central Bank Warnings:** The Banque de la République du Burundi (BRB) has previously issued warnings about the risk...
**Central Bank Warnings:** The Banque de la République du Burundi (BRB) has previously issued warnings about the risks associated with cryptocurrencies. These warnings typically advise the public that cryptocurrencies are not recognized as legal tender and are not regulated by the BRB, meaning users lack consumer protection from the central bank.
**Banque de la République du Burundi (BRB) - Official Website:** As the primary financial regulator, any official sta...
**Banque de la République du Burundi (BRB) - Official Website:** As the primary financial regulator, any official statements would originate here. However, direct official statements regarding cryptocurrency regulation are often not easily archived or translated on their public site.
**Communiqué N° BRB/DGD/2021-002 du 16 Décembre 2021 de la Banque de la République du Burundi** (Bank of the Republic...
**Communiqué N° BRB/DGD/2021-002 du 16 Décembre 2021 de la Banque de la République du Burundi** (Bank of the Republic of Burundi Communiqué No. BRB/DGD/2021-002 of December 16, 2021).
**Bank of the Republic of Burundi Communiqué (March 2019):** This is the most significant regulatory action. The BRB ...
**Bank of the Republic of Burundi Communiqué (March 2019):** This is the most significant regulatory action. The BRB issued a communiqué warning the public against the use and trading of virtual currencies, highlighting the risks of fraud, money laundering, terrorist financing, and market manipulation. It explicitly stated that cryptocurrencies are not recognized as legal tender or a regulated financial product in Burundi and that local banks and financial institutions are prohibited from facilitating transactions involving them. This communal acts as a de facto ban within the formal financial system.
**Communiqué of the Banque de la République du Burundi (BRB) on Cryptocurrencies (e.g., 2021/2018):**
**Communiqué of the Banque de la République du Burundi (BRB) on Cryptocurrencies (e.g., 2021/2018):**
Subsequent amendments and regulations to the AML law are subject to updates and specific regulations issued by releva...
Subsequent amendments and regulations to the AML law are subject to updates and specific regulations issued by relevant authorities, primarily the Financial Intelligence Unit (FIU) and the Central Bank. CENTIF
Screening customers against sanctions lists and watchlists CENTIF
Screening customers against sanctions lists and watchlists CENTIF
The BRB regulates traditional financial institutions and has issued warnings regarding the risks associated with cryp...
The BRB regulates traditional financial institutions and has issued warnings regarding the risks associated with cryptocurrencies. It plays a policy-setting role and would likely be involved in any future regulation of VASPs. CENTIF
**Regulatory Ambiguity and Risk:** Given the lack of specific VASP regulation and the central bank's cautionary stanc...
**Regulatory Ambiguity and Risk:** Given the lack of specific VASP regulation and the central bank's cautionary stance, operating a cryptocurrency service in Burundi could be deemed operating without proper authorization or even be subject to bans. CENTIF
BRB - Banque de la République du Burundi
BRB - Banque de la République du Burundi
**Cryptocurrencies are not recognized as legal tender in Burundi.** The Bank of the Republic of Burundi (BRB) has exp...
**Cryptocurrencies are not recognized as legal tender in Burundi.** The Bank of the Republic of Burundi (BRB) has explicitly stated that virtual currencies do not constitute legal tender or a regulated financial product within the country BRB Official Website.
**Financial institutions are explicitly prohibited from engaging in cryptocurrency-related activities.** This prohibi...
**Financial institutions are explicitly prohibited from engaging in cryptocurrency-related activities.** This prohibition covers all banks, microfinance institutions, and other regulated financial entities operating under BRB supervision BRB Official Website.
**Custody Providers:** Providing crypto custody services is prohibited, as these services fall under the broader ban ...
**Custody Providers:** Providing crypto custody services is prohibited, as these services fall under the broader ban on virtual asset activities BRB Official Website.
**While not an enforcement against a specific entity,** the BRB's communiqués serve to prevent activity and create a ...
**While not an enforcement against a specific entity,** the BRB's communiqués serve to prevent activity and create a legal basis for future enforcement if someone were to openly defy them. Any entity found to be engaging in unauthorized financial activities (including crypto-related ones) could face penalties under existing banking and financial laws for operating outside regulatory licenses [BRB Official Website](https://www.brb.bi/].
**Note:** The BRB's official communiqués are often published in French, which is one of Burundi's official languages ...
**Note:** The BRB's official communiqués are often published in French, which is one of Burundi's official languages [BRB Official Website](https://www.brb.bi/].
**Bank of the Republic of Burundi (BRB):** The central bank is the primary regulatory authority for financial service...
**Bank of the Republic of Burundi (BRB):** The central bank is the primary regulatory authority for financial services, including the prohibition of cryptocurrency activities BRB Official Website.
Penalties under existing banking and financial laws for operating without required licenses.
Penalties under existing banking and financial laws for operating without required licenses.
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