The Bank of Ghana has issued a directive requiring all Virtual Asset Service Providers (VASPs) operating within the country to register with the Bank.

This forms part of an initial regulatory process aimed at identifying and assessing entities involved in virtual asset-related activities.

Activities subject to this registration include the provision of virtual asset exchange services, wallet custody services, settlement or transfer services involving virtual assets, and services linked to the issuance or sale of virtual assets, including initial coin offerings and stablecoins.

The Bank notes that all VASPs offering services to individuals residing in Ghana, whether through a physical presence or digital platform, are required to complete the registration form by 15 August 2025.

The Bank of Ghana has stated that registration is compulsory and non-compliance may lead to regulatory action or exclusion from future licensing.

Registration does not constitute a license to operate, nor does it imply legal recognition or approval.

The Bank reserves the right to issue further instructions depending on the outcomes of this process.

This registration exercise supports the Bank’s efforts to develop a legal and regulatory framework that reflects current market developments and aligns with international standards.

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