The Bank of Ghana (BoG) says it has made significant progress towards establishing a comprehensive regulatory framework for virtual asset activities in Ghana.
The central bank revealed that working in collaboration with the Securities and Exchange Commission (SEC) and the Financial Intelligence Centre (FIC), it has completed the drafting of the Virtual Asset Service Providers (VASP) Bill.
BoG noted that the bill has undergone extensive review by industry groups, relevant state institutions, and international development partners.
According to the statement signed and issued by The Head FinTech and Innovation Office, the Bill is now progressing through the processes leading to consideration by Parliament.
It assured that the consultations will continue and also will soon launch a central portal that will provide information.
The BoG added “Looking ahead, the Bank has adopted a structured roadmap to guide the phased implementation of the framework and the operationalisation of the forthcoming VASP Act. Immediate priorities include continued consultations with the Executive Arm of government, the Legislature and other stakeholders on the Draft Bill, the launch of a dedicated online portal to serve as a central source of information and compliance support for VASPs, nationwide awareness and engagement activities with industry and the public, and preparatory measures to ensure a smooth rollout of the Act.
The Bank of Ghana remains committed to fostering a safe, transparent, and innovative virtual asset ecosystem that protects users, encourages responsible innovation, and safeguards the integrity of the financial system.”
By: Rainbowradioonline.com/Ghana
