Ghana passes law to legalize crypto trading, central bank governor says
PositiveCryptocurrency
- Ghana has officially legalized cryptocurrency trading, granting its central bank the authority to regulate and license crypto service providers, a move aimed at reducing fraud and systemic risks in the financial sector. This legislation marks a significant step in the country's approach to digital assets.
- The legalization of cryptocurrency is crucial for Ghana as it seeks to establish a secure framework for digital trading, potentially enhancing investor confidence and promoting financial inclusion among its population, where a notable percentage is already engaged in crypto activities.
- This development aligns with a global trend where various countries are re-evaluating their stance on cryptocurrencies, with nations like Russia and Argentina also exploring regulatory frameworks to facilitate crypto trading, reflecting a broader acceptance of digital currencies in international trade and finance.
— via World Pulse Now AI Editorial System
