The Bank of Ghana (BoG) says it is going to quickly factor regulatory directives and tools to toughen the implementation of the newly handed Virtual Assets Service Providers Bill.

The directives, to be issued in collaboration with the Securities and Exchange Commission, are anticipated to steer and keep watch over crypto and different digital asset actions within the nation.

In a commentary, the central financial institution stated the transfer follows Parliament’s passage of the invoice ultimate week, which establishes a criminal framework for the law of digital belongings and Virtual Asset Service Providers.

The Bank of Ghana famous that the efficient date of the brand new regulation shall be introduced sooner or later.

According to the commentary, folks and entities engaged in digital asset actions shall be required to procure a licence or sign in with both the Bank of Ghana or the Securities and Exchange Commission, relying at the nature in their operations.

The Bank of Ghana and the SEC reaffirmed their dedication to development a secure, clear and cutting edge digital asset ecosystem, whilst protective customers and safeguarding the stableness of the monetary gadget.

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