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Ghana's Securities Regulator Approves Crypto Trading Platforms

Published 2 weeks, 6 days ago
Description

Ghanas securities regulator has approved eleven crypto trading platforms for its first regulatory sandbox program, marking a significant step towards clarity in virtual asset services. The twelve-month pilot allows companies to test products under strict oversight, with market-ready firms potentially earning full licenses in just six months. The approved platforms include Africoin, Blu Penguin, Goldbod, Hanypay, Hyro Exchange, and KoinKoin. Blockchain.com also announced its expansion into Ghana, aiming to boost crypto payments through mobile money systems. Africas crypto activity is surging, with sub-Saharan regions seeing over two hundred five billion dollars in value received last year, making Ghana one of the top markets after Nigeria.

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