Bank of Ghana Mandates Registration for All Crypto Firms
The Bank of Ghana has issued a directive requiring all Virtual Asset Service Providers (VASPs) operating within the country to register with the central bank. This move aligns with global trends of increasing regulatory oversight in the cryptocurrency sector.
Registration will cover a broad spectrum of crypto-related activities, signaling Ghana's intent to formalize its digital asset ecosystem. The mandate reflects growing institutional recognition of cryptocurrencies as a legitimate component of modern finance.
While the notice doesn't specify compliance timelines or enforcement mechanisms, it establishes Ghana's position in Africa's evolving crypto regulatory landscape. The development may influence neighboring jurisdictions considering similar frameworks.
