coinspress.com
Ghana has formally brought cryptocurrency activity under the law, marking a clear shift from uncertainty to structured oversight.
The change follows the passage of the Virtual Asset Service Providers Bill, 2025, which establishes a legal foundation for crypto-related businesses to operate under defined rules rather than in a regulatory gray zone.
Speaking on the development, Bank of Ghana Governor Johnson Asiama said the framework gives authorities the ability to supervise digital asset activity, protect users, and safeguard financial stability.
Under the new law, crypto firms must meet licensing and compliance standards, bringing exchanges and service providers into the formal financial system for the first time.
The goal, he noted, is to reduce fraud and financial crime without stifling innovation, while also making the sector more attractive to credible investors and fintech companies.
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The move places Ghana within a broader continental trend. Several African governments are now opting to regulate crypto rather than leave it unchecked.
Kenya, for example, has recently taken steps to legalize Bitcoin and other digital assets, setting clear operating rules for exchanges.
Together, these developments signal a growing recognition across Africa that crypto adoption is already widespread—and that clear oversight is preferable to legal ambiguity.