ChainCatcher reported that according to Cointelegraph, the Bank of Ghana (BoG) proposed new digital asset regulatory measures after an extensive internal review of Bitcoin, USDT and other cryptocurrencies.
On August 16, the Central Bank of Ghana released draft guidelines on digital assets and sought feedback from the public and industry stakeholders on upcoming cryptocurrency regulations.
According to the Bank of Ghana, data collected over the past three years shows a significant increase in demand for cryptocurrencies in Ghana. As such, the bank plans to implement laws targeting risks related to money laundering, terrorist financing, fraud, and other measures to protect consumers.
The Central Bank of Ghana has proposed an eight-pillar framework for cryptocurrency regulation, primarily to strengthen registration and reporting requirements for cryptocurrency trading platforms or virtual asset service providers (VASPs).
