Ghana has taken a major step in regulating the cryptocurrency sector, with President John Dramani Mahama signing the Virtual Asset Service Providers (VASP) bill into law. The legislation establishes a formal framework for overseeing digital asset services, aiming to enhance consumer protection, ensure market integrity, and promote responsible innovation in the financial technology sector.
The VASP law covers cryptocurrency exchanges, wallet providers, custodians, and other entities that facilitate the buying, selling, and storage of virtual assets. Under the new rules, service providers must obtain licenses from the relevant authorities, maintain robust anti-money laundering (AML) and know-your-customer (KYC) procedures, and report suspicious transactions.
Regulators have emphasized that the law is designed to create a safer environment for investors while supporting the growth of Ghana’s digital finance ecosystem. The legislation also aligns with international standards, helping Ghana participate in cross-border digital asset markets and attract institutional investment.
Market observers say the VASP law could position Ghana as a regional leader in cryptocurrency regulation, offering both stability and clarity to businesses and investors operating in the increasingly dynamic virtual asset space.
Ghana legalises Bitcoin and cryptocurrency trading under new 2025 law
