Ghana Advances Crypto Oversight with 11 Firms Entering Regulatory Sandbox
Ghana’s Securities and Exchange Commission has greenlit 11 companies for a 12-month regulatory sandbox, signaling the country’s push to formalize oversight of digital assets. The initiative operates under the Virtual Asset Service Providers Act, 2025, which establishes guardrails for the rapidly evolving sector.
Participating firms—including Africoin, Blu Penguin, and Hyro Exchange—span asset tokenization, blockchain infrastructure, and trading platforms. The sandbox provides a controlled environment for testing innovations while the commission monitors compliance and systemic risks.
This move positions Ghana among African nations like Nigeria and South Africa in developing structured crypto frameworks. Market observers note the selection favors enterprises with clear use cases over speculative ventures.
