Ghana Legalizes Crypto With New Regulatory Law
Ghana's parliament has enacted the Virtual Asset Service Providers Bill, marking a decisive step toward formalizing cryptocurrency trading within its borders. The legislation establishes a regulatory framework for digital assets and service providers, empowering the Bank of Ghana to license and supervise exchanges, wallet providers, and related platforms.
The move targets fraud reduction while addressing anti-money-laundering concerns in a market already embraced by millions of Ghanaians. By creating clear rules for crypto operations, the government aims to balance innovation with consumer protections—a calculated bid to foster financial inclusion without compromising oversight.