President Mahama signs law regulating cryptocurrencies and virtual assets

President John Dramani Mahama has signed the Virtual Asset Service Providers (VASP) Bill into law, officially bringing Ghana’s digital assets sector, including cryptocurrencies, under a regulated framework. The move marks a major milestone in the country’s financial sector and is aimed at strengthening investor protection and market integrity.

The announcement was made in a statement shared on Facebook by Mensah Thompson, Deputy Director-General of the Securities and Exchange Commission (SEC), following Parliament’s approval of the bill after extensive deliberations.

“The Bill, among other things, legalizes the usage, trading and provision of services in the virtual assets (including cryptocurrencies) space,” Thompson wrote. He further congratulated key stakeholders, including the President, the Minister of Finance, the Governor of the Bank of Ghana, and the Director-General of the SEC, for advancing the legislation.

Source: www.myjoyonline.com

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