Ghana's Central Bank Releases Proposed Framework for Digital Asset Regulation

IconCryptoNewsTerminal Staff16 Aug, 2024

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Ghana's Central Bank Releases Proposed Framework for Digital Asset Regulation

The Bank of Ghana has released a draft framework for regulating digital assets, such as cryptocurrencies. This move comes as the demand for crypto-related services increases in the country. The framework aims to protect consumers and mitigate risks like money laundering, terrorist financing, and fraud. It includes the licensing and supervision of cryptocurrency exchanges and virtual asset service providers (VASPs). The Ghanaian public has until March 31 to provide feedback on the proposed guidelines.

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