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12/23 06:28
After years of fast-growing but loosely regulated crypto activity, Ghana’s parliament has passed the Virtual Asset Service Providers (VASP) Bill, 2025, giving the country a clear legal framework for digital assets. The move brings crypto trading into the open, placing exchanges and service providers under formal oversight for the first time.
The new law legalizes cryptocurrency trading nationwide and introduces licensing and supervision rules for crypto platforms. Bank of Ghana Governor Dr. Johnson Asiama said the goal is to bring an already active market under proper regulation.
The framework ensures that “emerging activity is brought within clear, accountable, and well-governed boundaries,” Asiama said.
For users, the change removes a long-standing gray area.
“Effectively, virtual asset trading is now legal, and no one is going to be arrested for engaging in crypto,” he confirmed.
Crypto use in Ghana has grown faster than regulation. About 3 million Ghanaians – roughly 17% of the adult population – already use digital assets, according to central bank estimates. That level of adoption raised concerns around consumer protection, fraud, and the impact on the national currency, the cedi.
Transaction data shows how large the market has become. Crypto activity in Ghana reached $3 billion in the year through June 2024, highlighting why authorities felt regulation could no longer wait.
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