Ghana mandates registration for all crypto firms, aiming to boost transparency, curb financial crime, and safeguard consumers in the digital economy.
The Bank of Ghana has announced a mandatory registration policy for all cryptocurrency companies, including exchanges, wallet providers, and blockchain payment platforms. This new regulation aims to enhance oversight, enforce global KYC standards, and protect users from fraud and illicit financing.
Both existing and new entrants to the crypto space must now register officially and meet international compliance standards. While some in Ghana’s crypto community see the move as a step toward mainstream adoption, others fear it may hinder innovation, especially for startups and MSMEs.
For users, the regulation promises improved security and legal recourse, while foreign investors may view it as a sign of growing market maturity. Ghana’s efforts position it as a regional regulatory leader in West Africa, offering a model for digital asset governance across the continent.
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