Ghana’s Securities and Exchange Commission (SEC) has approved 11 cryptocurrency platforms to participate in a new regulatory sandbox aimed at testing digital asset services under government oversight. The initiative follows the country’s Virtual Asset Service Providers Act, adopted in December, which established a framework for crypto firms to operate within a supervised environment while regulators evaluate risks and compliance standards.
The companies admitted into the program include Africoin, Blu Penguin, Goldbod, Hanypay, Hyro Exchange, HSB Global, KoinKoin, Whitebits, Vaulta, XChain, and Bsystem. Participants will operate under SEC supervision for up to 12 months while complying with anti-money laundering and counter-terrorism financing requirements.
Regulators said firms that demonstrate operational readiness and meet regulatory standards could receive a full license after six months. The sandbox results are expected to inform Ghana’s broader digital asset policy, as African economies increasingly explore regulatory frameworks for cryptocurrencies amid rising regional adoption.
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