This Is Highlighted By The Launching Of Finchcoin, The Country’s First Indigenized Digital Currency, Combined With A Payment System Payment Systems And Services Bill Currently In Parliament.
In january 2018, the bank of ghana issued a brief notice to banks and the general public advising against the use of virtual or digital currencies, also known as cryptocurrencies, mainly because such currencies and the entities that facilitate their transactions are not sanctioned by the government. The securities and exchange commission (sec) is considering licensing cryptocurrency in ghana. The bank of ghana has announced that trading and using the popular cryptocurrency known as bitcoin in the country is not yet legal because it is not recognized as a legitimate form of currency in.
Digital And Virtual Currencies Operations In Ghana.
Ghana’s parliament discusses crypto regulation. The central bank of ghana has launched a fintech regulatory and innovation live testing pilot that will give preference to projects using blockchain technology. According to myjoyonline.com, ama pomaa boateng, the member of parliament for juabeng has.
The Regulation Of Cryptocurrency In Ghana In The Future.
Transactions fall under our regulatory purview. The bank of ghana has taken notice of recent developments in the use, holding, and trading of virtual or digital currencies (also known as cryptocurrencies), such as bitcoin in ghana. The overall stance on crypto is that ghana is seeking to regulate, instead of outlawing the use of cryptocurrencies.
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A member of parliament in ghana has proposed a motion in parliament to have cryptocurrency incorporated into ghana’s financial sector. The ghana chapter to blockchain & cryptocurrency regulation 2022 does not exist. Since then, many people including organizations, companies and […]
On January 22Nd 2018, The Bank Of Ghana (Bog).
The bank of ghana assures the general public of its continuous efforts to safeguard the stability and soundness of the financial sector. Regulation in ghana also only arises when an activity becomes so prominent that abuses are feared by regulators, consequently regulation is generally slow. At some point in 2017, one bitcoin was selling for 100,000 ghana cedis, a feat which made many early adopters of the crypto asset very rich.