Bank of Ghana releases draft rules for regulating crypto exchanges.
Emphasis on AML/CFT measures aligns Ghana with global crypto regulation efforts.
The Bank of Ghana has taken a significant step towards regulating the cryptocurrency sector. They released a set of draft rules aimed at crypto exchanges operating within the country. These proposed regulations are designed to bring more transparency and security to the rapidly growing digital asset market in Ghana. Additionally, the bank plans to collaborate with external stakeholders such as commercial banks and international regulators.
Before this, Ghana’s approach to cryptocurrency was somewhat cautious. The Bank of Ghana had previously issued warnings to the public about the risks associated with digital currencies, emphasizing that they were not recognized as legal tender. The draft rules from the Bank of Ghana include licensing requirements, operational standards, and consumer protection measures. Under these new gui
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