Ghana Passes Act to Regulate Virtual Assets Industry

2 mins mins

Key Points:

Ghana’s parliament passed the Virtual Asset Service Providers Act, regulating digital assets.
Individuals must register with the Bank of Ghana.
Plans to explore blockchain applications in commerce by 2026.

Parliament in Ghana has passed the “Virtual Asset Service Providers Act,” mandating registration with the Bank of Ghana for those engaged in digital asset businesses, as announced on Monday.

This legislation marks a significant regulatory step, impacting Ghana’s cryptocurrency transactions, which reached $3.00 billion, and integrating blockchain for future economic applications.

Ghana Enacts Major Cryptocurrency Regulations

On Monday, the Ghanaian parliament passed the Virtual Asset Service Providers Act, mandating individuals and businesses to register their digital asset operations.

The Act integrates digital asset activities within a regulated structure, ensuring clarity and accountability.

Parliament has passed the Virtual Asset Service Providers (VASPs) Bill. The Bill establishes a legal framework for regulating virtual assets and Virtual Asset Service Providers. — Johnson Asiama, Governor, Bank of Ghana

Individuals can now legally trade cryptocurrencies, with the Act aiming to manage associated risks effectively. Governor Johnson Asiama emphasized that this framework establishes a licensing foundation for integrating digital assets in a transparent and governed manner.

Community responses showed optimism, with citizens welcoming the potential for regulated crypto trading. However, major industry voices on international platforms have remained silent. Experts in Ghana view this as a significant move towards aligning with global financial developments.

Ghana’s $3 Billion Crypto Market and Future Outlook

Did you know? Ghana handled approximately $3 billion in crypto transactions over a year, indicating robust digital currency engagement even before the Act.

Bitcoin is currently priced at $87,717.86 with a market cap of $1.75 trillion, commanding a 59.01% share. Over the past seven days, Bitcoin has seen a price increase of 1.91%, according to CoinMarketCap, although recent 60-day statistics show a decline of 21.10%.

bitcoin-daily-chart-5230 — Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 05:43 UTC on December 23, 2025. *Source: CoinMarketCap*

The Coincu research team suggests that Ghana’s regulatory move could enhance financial stability and consumer protection, potentially increasing blockchain technology’s role in commerce. This regulation aligns with global trends, possibly attracting more investment into the digital assets space.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.