National Bank of Ethiopia Warns Against Unauthorized Virtual-Asset Activity
The National Bank of Ethiopia reiterated restrictions on unauthorized virtual-asset activity on July 23, warning that unregulated digital transactions can carry legal, financial, cyber and fraud risks.
The National Bank of Ethiopia reiterated its restrictions on unauthorized virtual-asset activity on July 23, 2026, cautioning the public against using unregulated digital-transaction services.
The central bank said people who engage in such transactions could face legal and financial exposure as well as cybersecurity and fraud risks. Its warning covered activity conducted outside Ethiopia’s authorized regulatory framework.
The notice is a reminder for consumers and businesses to verify whether a provider and service are permitted before transferring money or digital assets. The bank’s statement did not, in the source material available to AddisMizan, announce a newly licensed virtual-asset market or a change to the existing restrictions.
