#CryptoRegulation 🇬🇭 Ghana: Draft Crypto Regulations Introduced
On August 16, 2024, the Bank of Ghana (BoG) released draft regulations to oversee digital assets and virtual asset service providers (VASPs). Key points include: 
•Mandatory Registration: VASPs must register with the BoG or the Securities and Exchange Commission (SEC), depending on their services. 
•Compliance Requirements: Registered entities are required to adhere to anti-money laundering (AML) and counter-terrorism financing (CFT) regulations, including the Financial Action Task Force’s (FATF) Travel Rule. 
On August 16, 2024, the Bank of Ghana (BoG) released draft regulations to oversee digital assets and virtual asset service providers (VASPs). Key points include: 
•Mandatory Registration: VASPs must register with the BoG or the Securities and Exchange Commission (SEC), depending on their services. 
•Compliance Requirements: Registered entities are required to adhere to anti-money laundering (AML) and counter-terrorism financing (CFT) regulations, including the Financial Action Task Force’s (FATF) Travel Rule.