Ghana’s central bank says it expects to have a law to regulate cryptocurrencies and other virtual assets in place by the end of December.
The plan grew louder this week after Bank of Ghana Governor Johnson Asiama spoke about moving a bill to parliament and building a unit inside the bank to oversee digital asset activity.
According to officials, the aim is to bring trading, wallets and other virtual-asset services under clear rules before year-end.
Registration Push For Service Providers
Reports have disclosed that the Bank of Ghana already began telling companies to sign up as it prepares formal licensing.
Virtual Asset Service Providers — that means exchanges, wallet firms and payment outfits that use crypto — were given a deadline to register with the central bank by August 15,