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⛓️ Crypto🟢 BullishImportance 7/10

Ghana Positions Itself as Africa’s Hub with First Crypto Regulatory Sandbox

Blockonomi|Brenda Mary|
🤖AI Summary

Ghana launched Africa's first crypto regulatory sandbox, admitting 11 firms to test exchanges and tokenization under its VASP Act. With over 3 million Ghanaians using crypto and transaction volumes rising 80%, the sandbox aims to balance regulatory compliance with innovation as companies like Blockchain.com expand into the market.

Key Takeaways
  • Ghana admitted 11 firms into its first crypto regulatory sandbox to test exchanges and tokenization under the VASP Act.
  • Over 3 million Ghanaians currently use cryptocurrency with transaction volumes increasing 80%.
  • Blockchain.com is expanding to Ghana following 700% growth in Nigeria's digital asset market.
  • The sandbox framework supports regulatory compliance, investor protection, and responsible innovation.
  • Ghana is positioning itself as a leading African cryptocurrency hub through progressive regulation.
Read Original →via Blockonomi
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