Ghanas Bank Tames Crypto Wild West

Ghana plans to start a special unit for crypto rules soon. The central bank aims to make the digital money world safer for people. Bank of Ghana head Dr Johnson Asiama shared this news at a meeting in Washington, DC. He told leaders the bank will create clear guidelines once lawmakers pass the Virtual Asset Providers Act. This new law will let them control who can run crypto platforms in the country.

Africa has seen more countries trying to make rules for digital money lately. The Bank of Ghana wants to protect users from scams through better oversight. Before this plan, they warned people that digital assets were not legal money in Ghana. They worried about fraud risks when nobody watched these markets. The bank stressed that criminals could use unregulated digital cash for illegal activities.
 

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