Ghana has officially legalized cryptocurrency trading through the Virtual Asset Service Providers Bill, bringing digital asset regulation under the jurisdiction of the Bank of Ghana. This new legislation requires licensing for exchanges, wallet providers, and custody services, aiming to enhance user protection and implement Countering the Financing of Terrorism measures.
With approximately 3 million adults engaging in cryptocurrency transactions and an annual trading volume of $3 billion, the law introduces much-needed oversight to this rapidly expanding market. While the cedi remains the country's legal tender, cryptocurrencies will now operate as regulated financial instruments under the new framework.
Ghana Legalizes Cryptocurrency Trading with Central Bank Oversight
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