Ghana plans to introduce cryptocurrency legislation by the end of the year

ChainCatcher news, according to Bloomberg, Johnson Asiama, the Governor of the Central Bank of Ghana, stated during a break at the International Monetary Fund (IMF) meeting in Washington on Thursday that Ghana expects to introduce a law regulating cryptocurrencies and virtual assets by the end of December.

Asiama said, "This is an important area, and we must strengthen the regulation and monitoring of these transactions. We have developed a regulatory framework and introduced a new bill to regulate virtual assets. This bill has been submitted to Parliament, and we hope it will be passed by the end of December, at which point we will be able to regulate cryptocurrencies in Ghana." He mentioned that as Africa's largest gold producer, Ghana is establishing a new department and cultivating relevant expertise to support the regulatory work in this field.