Ghana to Introduce Crypto Regulations by End of 2025
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BTCCSquare news:
Ghana’s central bank is advancing a bill to parliament that will establish cryptocurrency regulations by the end of 2025. Governor Johnson Asiama announced the move during the IMF meetings in Washington, emphasizing the need to address the growing crypto sector. A new department is being formed to oversee compliance and monitor digital asset flows.
The draft legislation, developed over the past four months, aims to provide a framework for institutional oversight. Originally slated for September 2024, the delay reflects the complexity of building regulatory capacity. Ghana joins other African nations grappling with economic instability, which has driven demand for alternative assets like cryptocurrencies.
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