{"id":63208,"date":"2026-03-12T10:09:16","date_gmt":"2026-03-12T03:09:16","guid":{"rendered":"https:\/\/hbbgroup.net\/ghana-greenlights-11-crypto-companies-for-regulatory-sandbox\/"},"modified":"2026-03-12T10:09:16","modified_gmt":"2026-03-12T03:09:16","slug":"ghana-greenlights-11-crypto-companies-for-regulatory-sandbox","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/ghana-greenlights-11-crypto-companies-for-regulatory-sandbox\/","title":{"rendered":"Ghana greenlights 11 crypto companies for regulatory sandbox"},"content":{"rendered":"
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Ghana\u2019s 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.<\/p>\n

Ghana\u2019s Securities and Exchange Commission said<\/a> on Tuesday that the 11 crypto platforms will operate under the country\u2019s 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\u2019s oversight.<\/p>\n

The companies admitted into the SEC\u2019s regulatory sandbox are Africoin, Blu Penguin, Goldbod, Hanypay, Hyro Exchange, HSB Global, KoinKoin, Whitebits, Vaulta, XChain and Bsystem.<\/p>\n

The sandbox program aims to spur crypto innovation while ensuring adequate consumer protection safeguards are in place. The participants will also need to comply with anti-money laundering and counter-terrorism financing standards.<\/p>\n

The sandbox will last for 12 months, though companies that show market readiness and comply with all regulatory requirements can transition to a full license after six months.<\/p>\n

Source: <\/em>Kwabena Kesse<\/em><\/a><\/figcaption><\/figure>\n

Ghana said lessons from the pilot will shape the country\u2019s future policies for the crypto market.\u00a0<\/p>\n

The VASP law stated that digital asset activities would fall under the SEC\u2019s oversight and that industry players need to obtain a license or register with the Bank of Ghana or the SEC to operate in the country.<\/p>\n

Foreign crypto companies are expanding into Ghana too<\/h2>\n

The new pilot comes after Blockchain.com said on Monday that it has expanded into Ghana<\/a> as part of a push to broaden its presence in Africa.<\/p>\n