Ghana’s Central Bank Aims for Balanced Virtual Asset Regulation
- The Bank of Ghana (BOG) is working on a policy to regulate virtual assets.
- The policy focuses on fostering responsible crypto innovation and ensuring fair competition.
- Currently, Ghana lacks a dedicated legal framework for regulating Virtual Asset Service Providers (VASPs).
The Bank of Ghana is taking steps to introduce a regulatory framework that encourages responsible innovation in the crypto sector while maintaining competitive fairness among financial institutions.
This move highlights the country’s current gap in legal provisions for Virtual Asset Service Providers, pushing towards establishing a more structured environment for digital assets. Source
