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Ghana’s authorities have permitted 11 cryptocurrency firms to enter the regulatory sandbox., 2026/03/12 11:26:56
The Ghana Securities and Exchange Commission (SEC) has permitted 11 cryptocurrency platforms to participate in its regulatory sandbox. Through this initiative, companies will have the opportunity to test their products and services in a controlled environment under the oversight of the regulator.
The SEC identified the following firms: Africoin, Blu Penguin, Goldbod, Hanypay, Hyro Exchange, HSB Global, KoinKoin, Whitebits, Vaulta, XChain, and Bsystem. Participants in the program will operate in accordance with the Virtual Asset Service Providers Act, which was enacted in Ghana in December.
According to the document, activities related to digital assets are regulated by the SEC. To operate within the country, cryptocurrency companies must obtain a license and register with both the Bank of Ghana and the SEC.
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The regulatory sandbox aims to foster innovation in the cryptocurrency sector while ensuring consumer protection. Participating companies are required to adhere to anti-money laundering (AML) and counter-terrorism financing regulations.
The program is designed to last for 12 months. However, companies that demonstrate compliance with regulatory standards and are prepared to enter the market may apply for a license to operate with crypto assets after just six months. Following the pilot project, the regulator intends to outline the future policy direction for the country’s cryptocurrency market.
Foreign cryptocurrency firms are also increasing their presence in Ghana. Notably, the cryptocurrency brokerage Blockchain.com has announced plans to provide local users access to its trading platform. The company aims to expand cryptocurrency payments not only in Ghana but also across other African markets.
A representative from Blockchain.com stated that the company will focus on developing the mobile payments ecosystem, given its widespread use in the country.
Last year, Ghana’s financial regulator intensified scrutiny over cryptocurrency advertising, warning celebrities and influencers about potential penalties for promoting crypto assets on social media without the necessary permissions.
