Ghana to Issue Licenses to Cryptocurrency Companies

On July 24, according to Jinshi Data citing foreign media reports, Ghana plans to issue licenses to cryptocurrency platforms, as authorities hope to generate revenue while regulating the asset class used by millions of people in the West African nation. The Governor of the Bank of Ghana stated that the central bank is finalizing a regulatory framework and plans to submit it to Parliament for consideration in September. The proposed law will enable the country to take full advantage of cryptocurrencies, promote cross-border trade, attract strategic investment, and collect financial data. [Techflow]