Ghana moves to license crypto exchanges from September 2025
- Ghana plans to license crypto exchanges by September 2025, indicating a regulatory shift.
- Approximately 17% of Ghanaians currently hold cryptocurrency, prompting regulators to catch up.
- The Bank of Ghana has released an exposure draft outlining proposed guidelines for Virtual Asset Service Providers.
Ghana's proactive approach to regulating cryptocurrency could serve as a model for other nations in West Africa. By establishing clear guidelines and fostering a secure environment for digital assets, Ghana may enhance investor confidence and stimulate innovation in the fintech sector. However, the effectiveness of these regulations will depend on their implementation and the government's commitment to consumer protection.
