The Parliament of Ghana has passed a law legalizing cryptocurrency transactions, while the Bank of Ghana plans to study asset-backed digital payment tools in 2026, including gold-backed stablecoins.

This move lays the legal foundation for the provision of digital asset services and paves the way for cross-border payment solutions, as regulators require related businesses to register with the appropriate regulatory authority.

MAIN CONTENT

  • Ghana passes the Virtual Asset Service Providers Act, legalizing cryptocurrency transactions.

  • Businesses/individuals must register with the central bank or the securities regulatory authority.

  • The Bank of Ghana plans to study gold-backed stablecoins and asset-backed digital payment tools in 2026.

New legal framework for cryptocurrency transactions in Ghana

The Parliament of Ghana has passed the Virtual Asset Service Providers Act, officially legalizing cryptocurrency transactions.

According to content published on December 23, this law establishes the basis for cryptocurrency to be traded legally domestically, while also setting compliance obligations for parties involved in providing virtual asset services.

Organizations/individuals engaged in related professions must register with the Bank of Ghana or the securities regulatory authority. The registration requirement aims to bring cryptocurrency activities under a supervisory framework, reduce operational risk, and increase transparency in the market.

2026 Plan: asset-backed digital payment tools, including gold stablecoins

The Bank of Ghana stated that in 2026 it will study asset-backed digital payment tools, including gold-backed stablecoins.

The stated goal is to promote cross-border payments and develop market infrastructure. The focus on the asset-backed model indicates that regulators prioritize stability and applicability in payments, rather than just expanding speculative transactions.

The content also emphasizes the direction of using digital payment tools as part of market infrastructure development, linked with centralized management through the central bank and/or the securities regulatory authority.

Source: https://tintucbitcoin.com/ghana-hop-phap-hoa-giao-dich-tien-so/

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