Ghana to License Crypto Firms as Digital Asset Demand Surges (1)

Ghana plans to license crypto platforms as authorities seek to capture revenue as well as regulate an asset class used by millions in the West African nation.

The central bank is finalizing a regulatory framework to send to parliament by September, Governor of the Bank of Ghana Johnson Asiama said in an interview. The proposed law will allow the nation to leverage cryptocurrencies, boost cross-border trade, attract strategic investment and collect financial data, he said.

Johnson Asiama

Source: Bank of Ghana

The central bank expects regulation to help it better manage its fiat currency. The cedi has risen 48% over the past year — making ...