Ghana’s Central Bank Proposes Draft Rules for Crypto Exchanges
The BoG has recently put forth new regulatory measures for digital assets, including Bitcoin and Tether, after a thorough internal review.
On August 16, the central bank of Ghana released a draft of guidelines for digital assets and is seeking feedback from the public and industry experts on these upcoming crypto regulations.
The BoG highlighted a significant rise in the country’s interest in cryptocurrency over the past three years and aims to implement laws to address concerns related to money laundering, terrorism financing, fraud, and safeguards for consumers.
The central bank has proposed an eight-pillar framework for crypto regulations, with a focus on stricter registration and reporting requirements for cryptocurrency exchanges and virtual asset service providers (VASPs).
