The Bank of Ghana (BoG) has officially registered over 100 crypto and blockchain-related companies as part of a new push to regulate the country’s growing digital asset sector.
According to a recent announcement, the BoG has also established a dedicated Office for Digital and Virtual Asset Supervision to oversee the activities of licensed crypto companies. This office will ensure that digital asset operations comply with existing financial regulations and align with the central bank’s broader goal of promoting financial stability while encouraging innovation.
The decision follows months of consultations with stakeholders in Ghana’s fintech and blockchain ecosystem. Officials say the growing interest in digital currencies and blockchain-based payment solutions made it necessary to introduce a framework that balances innovation with consumer protection.
While the Bank of Ghana has previously cautioned against unregulated crypto trading, this latest step signals a more open and collaborative stance. The registration of over 100 firms shows the country’s readiness to formalise the sector, making it easier for legitimate players to operate while curbing scams and fraudulent investment schemes.
The development could position Ghana as one of Africa’s emerging crypto hubs, following in the footsteps of Nigeria and Kenya. The move could also attract foreign investment and expand the reach of blockchain solutions in areas like cross-border payments, remittances, and decentralised finance.
However, the central bank emphasised that digital assets will continue to operate under strict supervision, especially in areas related to anti-money laundering and consumer security.
This milestone marks a significant milestone in Ghana’s digital finance landscape, signalling the country’s intent to embrace blockchain technology, not by restricting it, but by guiding its growth through regulation.
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