As Ghana Comes Home on Crypto, Africa Must “Dot the i’s and Cross the t’s”


Ghana returns home: “The Central Bank of Ghana (Banque du Ghana, BOG) finalizes a regulatory framework for cryptocurrency platforms, which should be subject to parliament by September 2025. Virtual asset suppliers offered aim to obtain licenses and regulate virtual active service providers (VASPS), including crypto and crypto exchanges and crypto exchanges and spokesperson suppliers, for transport, consumer protection.
Crypto. Crypto. Crypto – How many times have I called you?
Has a person in Africa modeled the impact of the standardization of cryptographic investments on the invoices of the government’s treasury, obligations, etc.? In other words, if these options are available with locally cryptos and in accessible forms, certain assets supported by the government will see real competition. Of course, digital capital is there, and Ghana, like the other African countries, must do what to do.
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But we must be nuanced on these assets because it is obvious that the United States is now the “country of reserve” and the USD the “reserve operational currency” of the main cryptos, which very soon means, local central banks will be trained in the fray because local banks will be intertwined in cryptos!
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