Ghana Launches Regulatory Sandbox to Formalize $3 Billion Crypto Market
Ghana's Securities and Exchange Commission has initiated its first regulatory framework for crypto assets under the VASP Act 2025, admitting 11 companies into a pioneering sandbox program. The move aims to integrate the country's estimated $3 billion informal crypto market into the formal financial system, ensuring legal protections and tax compliance.
Five crypto exchanges—Hyro Exchange, Hanypay, HSB Global, Koinkoin, and WhiteBit—are operating under live regulatory supervision. Three firms focus on fractional ownership solutions for digital assets, while others explore gold tokenization and custodial infrastructure. As Africa's second-largest gold producer, Ghana stands to gain significant economic benefits from these innovations.