Ghana Crypto License Set to Regulate 3M Users and Crypto Startups

Ghana Crypto License Aims to Legalize Platforms and Protect Users

Ghana is taking a big step in the digital assets world. The Central bank of the country plans to bring a new crypto law to Parliament by September. This law would make it possible for platforms to get an official Ghana crypto license and operate legally in the country.

Source: Wu Blockchain

Millions in Ghana Already Use Cryptocurrency

At this point, there are 3 million cryptocurrency users in the country. That is 17 percent of the adult population. The majority of them sell using peer-to-peer applications or informal sites. However, up to now, no rules have been laid out clearly. 

This action on the part of the Central Bank may alter that by establishing an adequate framework on how the digital currency platforms are supposed to be conducted. The global crypto market cap is at $3.83 Trillion with a decrease of 1.96% as per the CoinMarketCap.