[Rwandan Parliament Passes Virtual Asset Regulation Bill, Maximum Fine of 100 Million Rwandan Francs for Unauthorized Operations] DeepTech TechFlow reports that on May 10, according to *The New Times*, the lower house of the Rwandan Parliament passed the Virtual Asset Regulation Bill on May 5. The bill aims to regulate cryptocurrency transactions, protect investors, and maintain the stability of the financial system. The bill stipulates that individuals operating virtual asset businesses without authorization will face 3 to 5 years of imprisonment and fines ranging from 30 million to 50 million Rwandan Francs, while enterprises could face fines of up to 100 million Rwandan Francs. The Capital Market Authority will serve as the primary regulatory body, working in coordination with the National Bank of Rwanda for enforcement. The bill is pending presidential approval and will take effect once published in the official gazette. Detailed implementation rules will be formulated separately after the law comes into force.