Ghana passes law to legalize crypto trading, central bank governor says

Ghana legalizes cryptocurrency and gives its central bank authority to regulate and license providers to reduce fraud and systemic risks.

Ghana has legalized cryptocurrency trading by establishing a regulatory framework targeting the industry.

Ghana’s parliament has passed the Virtual Asset Service Providers Bill into law, Bank of Ghana (BoG) Governor Johnson Asiama said, according to a report on Sunday by the state-owned Daily Graphic news agency.

“Virtual asset trading is now legal, and no one will be arrested for engaging in cryptocurrency, but we now have a framework to manage the risks involved,” Asiama said on Friday at the BoG’s annual Nine Lessons, Carols and Thanksgiving Service.

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