Ghana To License Crypto Firms Amid Rising Demand
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BTCCSquare news:
Ghana is moving to formalize its cryptocurrency market as digital asset adoption surges. The Bank of Ghana will introduce a regulatory framework by September to license platforms, acknowledging crypto's growing role in the nation's economy. With 17% of adults already transacting in digital assets, the state aims to capture revenue and stabilize its volatile cedi currency.
Governor Johnson Asiama highlights the blind spot in economic monitoring—$3 billion in crypto transactions flowed through Ghana last year, untracked by traditional systems. This activity represents a significant portion of sub-Saharan Africa's $125 billion crypto market, positioning Ghana as a regional leader in digital finance.
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