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Ghana Securities and Exchange Commission Selects 11 Firms for Virtual Asset Pilot

Ghana Securities and Exchange Commission Selects 11 Firms for Virtual Asset Pilot

According to Ghana’s SEC, 11 firms have been approved for a regulatory sandbox to test cryptocurrency and digital asset services under the country’s Virtual Asset Service Providers Act.

Fact Check
The claim is directly supported by a detailed report from CoinDesk and local news outlets in Ghana. The reports specify the number of firms (11), the regulatory body (Ghana SEC), and the legal framework (Virtual Asset Service Providers Act, 2025).
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Summary

Ghana’s Securities and Exchange Commission said 11 companies have been approved for a regulatory sandbox to test cryptocurrency and digital asset services under the country’s Virtual Asset Service Providers Act. The regulator said the sandbox will let participating firms operate in a controlled environment while oversight is developed for the sector. Earlier SEC details said the 12-month pilot is intended to monitor risks and compliance, generate data for final rules on investor protection, market integrity, and anti-money laundering controls, and potentially allow market-ready firms meeting requirements to move to a full license after six months.

Terms & Concepts
  • Virtual Asset Service Providers Act: The legal framework referenced by Ghana’s SEC for overseeing virtual asset businesses and related licensing requirements.
  • regulatory sandbox: A supervised testing environment where firms can operate under limited conditions while regulators assess risks, compliance, and market rules.
  • anti-money laundering: Rules and compliance measures designed to detect, prevent, and report illicit financial activity.