Ghana opens crypto trading sandbox with 11 firms under new VASP law

Ghana’s Securities and Exchange Commission (SEC) has initiated a regulatory sandbox program, allowing 11 companies to test cryptocurrency and digital asset services within a controlled environment. This initiative is based on the country’s Virtual Asset Service Providers Act, 2025, and aims to monitor risks and ensure compliance. The 12-month sandbox includes asset tokenization firms like Africoin and exchanges such as Hyro Exchange and WhiteBit. Companies meeting regulatory requirements may transition to a full license after six months, while others can refine their services within the sandbox. The SEC will use data gathered during the pilot program to develop detailed licensing guidelines, focusing on investor protection, market integrity, and anti-money laundering controls. Following the sandbox’s conclusion, the regulator intends to publish final guidelines and extend the licensing process to a wider range of virtual asset service providers.

(Source：CoinDesk)