#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.