Ghana Selects 11 Crypto Platforms for Regulatory Sandbox Pilot

Ghana has made significant strides in regulating the crypto market by selecting 11 trading platforms for a regulatory sandbox pilot. This move is part of the country's efforts to establish a formal framework for digital asset services, following the passage of the Virtual Asset Service Providers (VASP) bill in December.

The selected platforms will operate under the supervision of the Securities and Exchange Commission (SEC) for 12 months, during which they can test their products and services in a controlled environment. The pilot program is designed to support responsible innovation while strengthening investor protection, market integrity, and compliance with anti-money laundering and counter-terrorism financing standards.

According to the SEC, data accumulated during this period will help shape future policy and licensing frameworks for virtual assets services. This is a significant step towards creating a more structured and industry-friendly environment in Ghana, which is expected to see greater migration towards regulated platforms.