Bank of Ghana "to prepare virtual asset regulatory bill within the year…to submit to parliament"
Summary
- The Bank of Ghana said it plans to prepare a virtual asset regulatory bill and submit it to parliament within this year.
- Governor Johnson Asiama said the country could officially regulate virtual assets before December.
- He said this legislative push coincides with Kenya's virtual asset institutionalization, highlighting the need to pay attention to the regulatory environment in Africa.
The Bank of Ghana (Bank of Ghana, BoG) said it aims to complete a regulatory framework for virtual assets (cryptocurrencies) within the year.
On the 16th (local time), Johnson Asiama (Johnson Asiama), Governor of the Bank of Ghana, said at an International Monetary Fund (IMF) meeting held in Washington, "Over the past four months we have largely completed institutional adjustments and legislative work related to virtual assets," and "the bill will be forwarded to parliament, and we will be able to officially regulate virtual assets before December."
This legislative push coincides with Kenya's move to take the lead among African countries in formalizing virtual assets. On the 7th, Kenya passed the 'Virtual Asset Service Provider (VASP) Bill', establishing licensing and consumer protection systems for exchanges·intermediaries·wallet operators·token issuers.
Doohyun Hwang
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