With regulatory momentum sweeping across Africa, Ghana is the latest to join the movement toward crypto oversight.
The Bank of Ghana (BoG) plans to roll out crypto regulations by September, pending the passage of the Virtual Asset Service Providers (VASP) Act. The law will give the BoG power to license and supervise crypto firms and enforce compliance through a dedicated digital asset unit.
Crypto is currently not legal tender in Ghana, and banks are banned from processing crypto transactions. The new law will introduce AML/CFT measures and enforce the FATF Travel Rule.
This move aligns with a broader continental push for regulation, as many African countries face FATF pressure to tighten crypto oversight.
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