Ghana officially announces: Cryptocurrency legalization! 🇬🇭
The parliament has passed the "Virtual Asset Service Providers Act," marking the complete end of the era where "trading cryptocurrency would result in arrest."
💡 Key Highlights:
🔹 Nationwide Participation: About 17% of Ghanaians are already using crypto assets, with an annual trading volume reaching 3 billion USD.
🔹 Gold Backing: Ghana plans to explore a "gold-backed stablecoin" by 2026. As a major gold-producing country in Africa, this is a significant move in the RWA sector!
🔹 Payment Revolution: Regulation will focus on promoting crypto technology for trade financing and foreign exchange settlement, addressing the pain points of cross-border payments.
Compliance is not the end, but the starting point for large-scale applications. Will Ghana's "gold standard stablecoin" become the settlement standard in West Africa?