Parliament has passed the Virtual Asset Service Providers (VASPs) Bill, establishing a legal framework for the regulation of virtual assets and companies operating in the sector, the Bank of Ghana has announced.
In a statement issued on 22nd December 2025, the central bank said the new law is aimed at strengthening oversight of virtual asset activities while promoting a safe, transparent, and innovative digital finance ecosystem.
Under the legislation, individuals and entities engaged in virtual asset-related activities will be required to obtain either a licence or registration from the Bank of Ghana or the Securities and Exchange Commission (SEC), depending on the nature of their operations. The effective date of the Act will be announced at a later time.
The Bank of Ghana noted that it will work closely with the SEC to operationalise the law. Both institutions are expected to issue directives and other regulatory instruments in the coming months to guide prospective applicants and clarify compliance requirements.
According to the statement, the regulatory framework is intended to protect users, enhance market integrity, and safeguard the country’s financial system as virtual assets and related services continue to grow.
The Bank of Ghana and the SEC reaffirmed their commitment to ensuring effective supervision of the sector while supporting innovation in Ghana’s financial services landscape.
Source: www.kumasimail.com
