News list for "Ghana"
According to market news, Ghana's central bank has announced plans to develop bitcoin and cryptocurrency-related regulations by the end of 2025, when Ghana will become the ninth African country to adopt digital asset laws. (Bitcoin Archive)
The governor of Ghana's central bank, Johnson Asiama, has said that the country expects to pass a crypto and virtual asset regulation bill by the end of December. The regulatory framework has been drawn up and the relevant bill is being sent to parliament for consideration. Speaking at an international monetary fund conference in Washington, Asiama said Ghana must accelerate the pace of regulation and monitoring of crypto transactions to ensure the safety and transparency of the financial system...
According to Bloomberg, the Republic of Ghana plans to license cryptocurrency platforms as authorities look to generate revenue while regulating the asset class used by millions of people in the West African country. The governor of Ghana's central bank said the central bank is finalizing a regulatory framework that it plans to submit to parliament for consideration in September. The proposed laws would enable the country to make full use of cryptocurrencies, facilitate cross-border trade, attra...
The Bank of Ghana (BoG) has now moved to establish a regulatory framework for cryptocurrencies such as Bitcoin and Tether, as well as publishing a draft set of guidelines to enhance regulation of digital assets. The proposed regulations also require all cryptocurrency exchanges to undergo BoG's "thorough registration process" and participate in sandbox testing before they are allowed to operate. According to the draft, this move is essential to ensure that all market participants adhere to the "...
On August 16, the Central Bank of Ghana released draft guidelines on digital assets while soliciting feedback from the public and industry stakeholders on upcoming crypto regulations. According to the Central Bank of Ghana, data collected over the past three years shows a significant increase in interest in cryptocurrencies in Ghana. Therefore, Ghana intends to implement laws against risks such as money laundering and terrorist financing, fraud, and take measures to protect consumer rights. The ...
The Bank of Ghana (BoG) has completed a proof of concept exploring the use of digital credentials for international trade and CBDC-based cross-border transfers. The proof of concept is part of Project Desft, a project by the Bank of Ghana and the Monetary Authority of Singapore exploring how technology can be used to facilitate the participation of micro, small and medium-sized enterprises in international trade in developing countries. Maxwell Opoku-Afari, First Deputy Governor of the Bank of G...
