As per Coinrise, Ghana lawmakers have approved the Virtual Asset Service Providers Bill to regulate cryptocurrency activities in the country. The law grants the Bank of Ghana authority to license and supervise crypto businesses, including exchanges and wallet providers, in response to growing concerns about unregulated trading and financial risks. The new framework aims to provide legal clarity, reduce money laundering risks, and ensure consumer protection while supporting innovation. The Bank of Ghana will issue further guidance on compliance and operational requirements for crypto operators.
Ghana Approves New Crypto Law to Regulate Digital Assets
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Summary
Ghana lawmakers have passed the Virtual Asset Service Providers Bill to regulate digital assets and Countering the Financing of Terrorism. The law gives the Bank of Ghana power to license and monitor crypto firms, including exchanges and wallet providers. The new rules aim to cut money laundering risks, protect users, and support innovation. The central bank will soon outline compliance steps for crypto operators, with a focus on liquidity and crypto markets.
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