Bank of Ghana Governor Johnson Pandit Asiama has announced the official legalization of cryptocurrency trading across the country. The move follows the passage of the Virtual Asset Service Providers (VASP) Bill, 2025, into law. The legislation establishes a comprehensive regulatory framework designed to bring digital assets into a supervised financial environment.
Speaking at the bank’s end-of-year event, Asiama emphasized that the law marks the end of a long period of regulatory ambiguity. For years, Ghanaian youth and tech entrepreneurs traded digital assets in a legal “gray area,” often facing the risk of fraud or law enforcement scrutiny.
“Effectively, virtual assets trading is now legal and no one is going to be arrested for doing crypto,” Asiama declared. “We now have the framework to manage the risks involved.”
According to a report, the central bank is now empowered to license and supervise all entities operating in the digital asset space and enforce consumer protection standards to shield users from fraud. It will also monitor transactions to mitigate risks associated with money laundering and systemic financial instability.
A primary driver behind the legislation is the desire to harness blockchain technology for economic growth. Asiama noted that formalizing the sector would attract credible international investors and fintech firms, ultimately creating jobs and diversifying the national economy.
With many Ghanaians already actively involved in digital assets, the new framework provides a safe path for the “unbanked” and tech-savvy younger generation to participate in the global digital economy.
Read more: Ghana Moves to License Crypto Firms, Citing Revenue and Oversight Goals
Asiama linked the new law to broader efforts to strengthen Ghana’s financial resilience. By amending the Bank of Ghana Act alongside the VASP Bill, the central bank aims to avoid a repeat of past economic shocks.
“These are not just legal milestones; they are enablers of better policies, stronger supervision and more effective regulation,” Asiama stated.
Despite the optimistic tone, the governor issued a call for “responsibility and vigilance,” noting that while the law provides a safety net, the global economic environment remains volatile. He assured the public that the Bank of Ghana would remain a firm and fair partner, ensuring that innovation thrives without compromising the stability of the national financial system.
- Is crypto trading now legal in Ghana? Yes, the VASP Bill officially legalized cryptocurrency trading nationwide.
- Who will regulate digital assets? The Bank of Ghana will license, supervise, and enforce consumer protections.
- Why did Ghana pass this law? To attract investors, create jobs, and boost blockchain‑driven economic growth.
- How does this affect citizens? It gives youth, entrepreneurs, and the unbanked a safe path into the global digital economy.
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