Bank of Ghana Moves to Regulate Cryptocurrency Industry
In a bold move to bring oversight to the fast-growing digital asset space, the Bank of Ghana (BoG) has released a draft regulatory framework for Virtual Asset Service Providers (VASPs). The document outlines rules for licensing, operations, consumer protection, anti-money laundering compliance, and cybersecurity standards. The central bank stated that the regulation aims to protect users, encourage responsible innovation, and combat financial crimes in the virtual currency space. The proposed […]
