Ghana Securities and Exchange Commission launches a 12-month crypto regulatory sandbox, with the first batch of 11 companies approved to participate

robot
Abstract generation in progress

Odaily Planet Daily News: The Ghana Securities and Exchange Commission (SEC) announced that, under the 2025 Virtual Asset Service Provider Law, 11 companies have been approved to enter the regulatory sandbox to test cryptocurrency and digital asset-related services. The sandbox will operate for 12 months, allowing participating companies to operate products in a controlled environment while regulators monitor risks and compliance simultaneously.

The first batch of selected companies includes asset tokenization firms Africoin, Blu Penguin, Vaulta, XChain, and Goldbod, as well as cryptocurrency exchanges Hyro Exchange, HanyPay, and WhiteBit. The SEC stated that companies whose products are market-ready and meet regulatory requirements could transition to full licensing as early as six months, while others can continue to improve their services within the remaining period.

The SEC said that the data collected from this pilot project will be used to develop detailed licensing guidelines covering investor protection, market integrity, and anti-money laundering controls. After the sandbox concludes, regulators plan to release final guidelines and open the licensing application process to a broader range of virtual asset service providers.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin