The Securities and Exchange Commission (SEC) will soon begin scrutinizing virtual asset dealings in Ghana as part of efforts to protect investors and ensure market integrity, Deputy Director General of the SEC, Nii Thompson, has revealed.
Speaking at the Digital Asset Summit Africa in Accra, Mr. Thompson said the Commission is working closely with the Bank of Ghana to regulate off-exchange conversions and peer-to-peer transactions.
“Very soon, we’re going to look at things like virtual asset dealing services, off-exchange virtual asset conversions and peer-to-peer transactions, and it’s going to be regulated by the Bank of Ghana. Licenses will be issued for people to participate in that space,” he explained.
He added that centralized platforms such as crypto exchanges, along with wallet service providers, payment processors, tokenization schemes, investment advisors, and other service providers, will also fall under new licensing requirements.
“All these are various licensing regimes which are going to be implemented, and market operators will have the opportunity to participate. I want to encourage industry players to get themselves ready for the operationalization of this bill,” Mr. Thompson said.
He stressed that the framework is designed not only to attract international players but also to boost local participation in Ghana’s fast-evolving digital asset market.
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