As Sub-Saharan Africa’s Crypto Flows Top $200 Billion, Ghana Lays Down the Rules
Ghana has taken a major step toward embracing the
digital economy by formally legalizing cryptocurrency trading. The move marks a
turning point for the country’s crypto sector as lawmakers establish clear
oversight for an industry long operating in legal uncertainty.
The Ghanaian parliament passed the Virtual Asset
Service Providers Bill, granting the Bank of Ghana (BoG) authority to regulate
and license crypto asset service providers (CASPs). BoG Governor Johnson Asiama
confirmed the development, saying virtual asset trading is now legal under a
defined regulatory framework.
Central Bank Takes the Lead
The law empowers the central bank to oversee all
crypto-related activities, giving it supervisory and licensing powers similar
to those it holds over traditional financial institutions.
🇬🇭 ADOPTION: Ghana’s has passed the Virtual Asset Service Providers Bill, legalizing and regulating crypto. pic.twitter.com/sBQzFulKC4
— Cointelegraph (@Cointelegraph) December 22, 2025
The new policy aims to strike a balance between
enabling innovation and safeguarding consumers. The timing reflects earlier
commitments from the central bank, which had targeted the rollout of crypto
regulations by the end of 2025.
Ghana’s decision comes as the country rises among
Sub-Saharan Africa’s most active crypto markets. A recent report by Chainalysis
ranked Ghana among the top five countries in the region for total crypto value
received between July 2024 and June 2025, Cointelegraph reported.
Continue reading: Bitcoin ATMs Flood Kenya’s Malls Following New Crypto Laws – and the Regulator Is Furious
Across the region, Nigeria led the way with roughly
$92 billion in crypto inflows – almost triple South Africa’s volume – while total
regional on-chain activity reached over $205 billion, representing a 52%
increase year-over-year. This growth places Sub-Saharan Africa as the
third-fastest-growing crypto market globally, just behind Asia-Pacific and
Latin America.
A Regulatory Milestone for West Africa
By passing the Virtual Asset Service Providers Bill,
Ghana joins a growing list of African nations formalizing their stance on
digital assets. The legislative move not only provides legal certainty
for traders and businesses but also signals Ghana’s readiness to adapt its
financial systems to emerging technologies.
Public Notice on the Virtual Assets Service Providers Act 2025 pic.twitter.com/suDoXIVWhN
— Central Bank of Kenya (@CBKKenya) November 18, 2025
With the Bank of Ghana now at the helm of crypto
supervision, the country hopes to minimize illicit activity while nurturing
responsible innovation.
Similarly, in Kenya, crypto rules are taking shape. Bitcoin
ATMs recently appeared in major Nairobi malls just days after Kenya’s new
crypto law took effect, prompting regulators to warn that no operator has been
cleared to run digital-asset services in the country.
Kenya’s parliament passed the Virtual Asset Service Providers Bill to regulate digital currencies and virtual assets,
bringing the country a step closer to formal oversight of its fast-growing
crypto market, with the legislation now awaiting President William Ruto’s
signature to become law.
This article was written by Jared Kirui at www.financemagnates.com.
Credit: Source link