Bank of Ghana to begin cryptocurrency regulation by September — Governor Asiama
Speaking at the African Leaders and Partners Forum in Washington, D.C., held on the margins of the IMF/World Bank Spring Meetings, Dr Asiama said the move is pending the passage of the much-anticipated Virtual Asset Providers Act, which will formally empower the BoG to license and supervise operations in the digital asset space. To enhance the regulation of these platforms and assets, the Bank of Ghana is establishing a dedicated unit focused on digital assets,” Dr Asiama stated. “This is a technology we cannot prevent, hence the need to move fast to regulate it.”The central bank’s upcoming intervention comes at a time of rapid expansion in digital finance, with Ghanaian consumers and businesses increasingly engaging with cryptocurrencies such as Bitcoin and Ethereum, despite the absence of a clear regulatory framework. In August 2024, the BoG issued draft regulatory guidelines aimed […]
