MGhana accelerates crypto regulation with sandbox approvals, safeguarding Cedi stability while encouraging responsible digital asset innovation nationwide.
Ghana has taken a major step toward regulating digital assets after passing the Virtual Asset Service Providers (VASP) Act, 2025. At the first Ghana Virtual Assets and Financial Services Symposium in Accra, the Securities and Exchange Commission (SEC Ghana) and the Bank of Ghana (BoG) confirmed plans to launch a crypto regulatory sandbox.
The sandbox will allow selected firms to test crypto exchange, custody, and issuance services under supervision before full licensing. Six companies have been admitted for a one-year pilot.
According to the Bank of Ghana: “The entities engaged are to assist in validating proposed regulatory frameworks around the exchange, custody, administration and issuance of virtual assets. The Bank of Ghana reserves the right to withdraw its approval of any entity at any time for non-performance or non-compliance.”
While supporting innovation, BoG emphasized that digital assets must complement—not replace—the Ghana Cedi. Ghana recorded over $3 billion in crypto transactions in 2024.
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