Ghana Launches Crypto Sandbox: 11 Firms Approved Under New VASP Regulations

Ghana has officially initiated a regulatory sandbox for cryptocurrency trading, authorizing 11 companies to operate under its newly enacted Virtual Asset Service Provider (VASP) law. This landmark move by the Bank of Ghana and the Securities and Exchange Commission (SEC) establishes a controlled environment for firms to test digital asset services, including crypto exchange and custody solutions, alongside regulators. The sandbox framework aims to foster innovation while ensuring consumer protection and financial stability, signaling Ghana's progressive approach to integrating digital assets into its formal economy. This development positions Ghana as a forward-thinking hub for cryptocurrency and blockchain technology in West Africa.