BoG stirs Crypto appetite — Industry players hail move
The Bank of Ghana (BoG) has stirred the appetite for its foray into the cryptocurrency market with the expected launch of a regulatory framework for Virtual Asset Service Providers (VASPs) and virtual currencies in September. Governor of the Bank of Ghana, Dr Johnson Asiama, said in an interview with the Graphic Business that the central bank was finalising the regulatory framework subject to the conclusion of internal processes and stakeholder consultations. For many, cryptocurrencies have gone from a curiosity to a force in finance, technology and culture, making them almost impossible to ignore. Dr Asiama is upbeat about the opportunities responsibly managed virtual assets can offer, including enhanced access to financial services, more efficient cross-border transactions, and increased innovation in the financial sector. “Nonetheless, the BoG remains committed to implementing strong safeguards to protect the financial system,” the Governor said. […]