Ghana greenlights 11 crypto companies for regulatory sandbox
Ghana’s SEC could grant a full license to sandbox participants as early as six months, provided that their products are market-ready and that they tick all regulatory boxes.
Ghana’s securities regulator has given the nod to 11 crypto trading platforms to participate in its new regulatory sandbox program, its first major step in support of crypto after passing a law to provide the local market with regulatory clarity in December.
Ghana’s Securities and Exchange Commission said on Tuesday that the 11 crypto platforms will operate under the country’s Virtual Asset Service Providers Act, adopted in December, which provides a regulatory sandbox framework for those companies to pilot their products and services in a controlled environment under the SEC’s oversight.
The companies admitted into the SEC’s regulatory sandbox are Africoin, Blu Penguin, Goldbod, Hanypay, Hyro Exchange, HSB Global, KoinKoin, Whitebits, Vaulta, XChain and Bsystem.
