Ghana Approves Landmark Crypto Law to Regulate Digital Asset Markets
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Ghana’s parliament approves a crypto law , formalizing digital assets, strengthening oversight, protecting consumers, and addressing central bank stability concerns. Ghana has taken a decisive regulatory step by legalizing cryptocurrency use nationwide. The move signals growing acceptance of digital assets. Moreover, the decision-makers among the legislators were pragmatic in nature and not promotional. Consequently, the bill aims to control the existing adoption. Meanwhile, authorities are looking for more oversight. Therefore, law transforms the financial landscape of Ghana to a great extent. Ghana Establishes Legal Framework for Crypto Oversight According to Bloomberg, the Virtual Asset Service Providers Bill was passed by the parliament Griffith after long consultations. Previously, the central bank had cautioned against crypto risks. However, the use grew steadily all around the country. According to industry estimates, more than 3 million Ghanaians use crypto platforms in 2024. Ghana’s parliament approves the legalization of cryptocurrency, a move to address central bank concerns about the widening and unregulated use of the alternative asset in the country https://t.co/dQIGUDCtCZ — Bloomberg (@business) December 22, 2025 The law legalizes trading in virtual assets countrywide. Importantly, it enables the Bank of Ghana to license providers. In addition, the Securities and Exchange Commission can offer supervision. Bank of Ghana Governor Johnson Asiama has confirmed this in Accra. Therefore, exchanges and wallet services have to obey. Related Reading: Crypto News: Bank of Ghana Sets End-2025 Deadline for Crypto Rules | Live Bitcoin News Standing at the core is consumer protection. Earlier, users experienced the fraud and high volatility risks. As a result, the inclusion of operational and cybersecurity standards is introduced in the bill. Moreover, there are now minimum capital requirements. As a result, investor confidence could be restored gradually. At the same time, unregistered platforms run the risk of sanctions. The legislation also focuses on the…
Filed under: News - @ December 22, 2025 12:28 pm