Ghana legalizes cryptocurrency trading under new regulatory framework
PositiveCryptocurrency
- Ghana has officially legalized cryptocurrency trading by enacting the Virtual Asset Service Providers Bill, 2025, which empowers the central bank to regulate and license crypto service providers. This legislative change marks a significant shift in the legal landscape for digital assets in the country, ending years of uncertainty.
- The new law is expected to enhance the security and legitimacy of cryptocurrency transactions in Ghana, providing a clearer framework for businesses and investors in the crypto space. This development is particularly important as it aims to reduce fraud and systemic risks associated with unregulated trading.
- The legalization of cryptocurrency trading aligns with broader efforts in Ghana to utilize technology for financial innovation and regulatory oversight, including initiatives to combat illegal activities in sectors like gold mining through blockchain technology. This move reflects a growing trend among nations to embrace digital currencies while ensuring consumer protection and financial stability.
— via World Pulse Now AI Editorial System
