Ghana Legalizes Crypto: Parliament Passes Landmark Bill

Ghana's parliament has passed a law to legalize and regulate trading in virtual assets like cryptocurrency. The new Virtual Asset Service Providers (VASPs) Bill establishes a formal framework for companies offering crypto services. These firms, known as VASPs, must now register and obtain a license from the country's Securities and Exchange Commission. This move aims to protect investors and bring clarity to the digital asset market. Regulation is expected to reduce fraud and financial crime. Before this law, cryptocurrency operated in a legal gray area in Ghana. The new rules provide official recognition for the growing industry. The government stated the law balances innovation with consumer safety. It brings Ghana in line with global standards for monitoring digital finance.