Cryptocurrency Is Legal But Unregulated In Ghana, Meaning That It Has Not Been Specifically Authorized Or Either Prohibited By The Bank Of Ghana.
A presidential decree on july 3, 2018 enacted mandates to encourage the development of blockchain and cryptocurrency industries in the nation. Crypto trading brokers utilize leverage and binary contracts to create big potential, and will ask ghanaians to make just a small deposit to get started. However, it is not against our constitution to trade or invest in cryptocurrencies or use them as a payment option on any platform.
Sec Make Crypto Transactions Illegal In Ghana.
Cryptocurrencies are currently unregulated in the west african nation, and there are no laws governing their use — a fact which has been confirmed by the ghana securities and exchange commission to cointelegraph. After lawmakers originally deemed bitcoin incompatible with islam, government policy is starting to shift; Buying cryptocurrency in ghana in 2018, the bank of ghana stated that bitcoin trading in the country is not yet legal, as it is still not recognized as a legitimate currency in ghana.
Members Of The General Public Who Are Investing Or Intend To Invest In Such Currencies Or Assets May Be Doing So At Their Own Risk And Can In No Way Be Protected Under The Securities Law Regime In Ghana”.
However, at the time, there was a bill called the settlements and payments bill planned for the near future, which would cater to the use of cryptocurrencies once the bill is passed by. A forex broker that offers cryptocurrency trading, typically as either a cfd or option. As such, it is only fair to say the cryptocurrencies are neither legal nor illegal in ghana.
When Trading Cryptos In Ghana, A Trader Can Choose Btc, Ethereum, Litecoin And More.
• the bank of ghana has announced that the trading and use of cryptocurrency in ghana is not yet legal because it is not recognized as a legitimate form of currency. 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 ghana for blockchain & cryptocurrency regulation 2022 is not available.
The Bank Of Ghana (Bog) Has Cautioned The Public About An Impending Launch Of A Cryptocurrency Named Freedom Coin In Ghana.
The government has expressed interest in developing a national cryptocurrency; To enquire as to whether this chapter is available in a previous edition, please contact us free newsletter Additionally, is cryptocurrency legal in ghana?