Ghana’s Securities and Exchange Commission admitted 11 crypto trading platforms to its first regulatory sandbox after the VASP law passed in December, with firms eligible to seek full licenses following a six-month review.
Ghana is advancing formal oversight of digital assets after the Securities and Exchange Commission admitted 11 cryptocurrency trading platforms to its new regulatory sandbox, the country’s first practical framework for supervising the sector. The sandbox follows approval of the Virtual Asset Service Providers Act in December, which gave the regulator authority over digital asset activity. According to the new update, firms in the program may seek full licenses after a six-month review, refining earlier reporting that the broader sandbox period runs for 12 months. The firms admitted are Africoin, Blu Penguin, Goldbod, Hanypay, Hyro Exchange, HSB Global, KoinKoin, Whitebits, Vaulta, XChain, and Bsystem. The earlier development also coincided with Blockchain.com’s plan to enter Ghana with crypto payment services linked to the country’s mobile money infrastructure.