Bank of Ghana Releases Draft Guidelines for Digital and Virtual Assets
- The Bank of Ghana (BOG) has released draft guidelines for digital assets in the country.
- The guidelines aim to regulate exchanges and platforms offering services related to virtual assets.
- VASPs operating in Ghana will be required to apply for authorization from the Bank of Ghana or SEC.
The release of draft guidelines for digital assets by the Bank of Ghana is a positive step towards regulating the growing popularity of cryptocurrencies in the country. By seeking feedback and collaboration with other regulatory agencies, the BOG shows a proactive approach to address challenges and ensure consumer protection. However, further discussions are needed to address the remaining uncertainties and risks associated with virtual assets.
