Ghana Plans to Issue Licenses to Cryptocurrency Platforms

According to Bloomberg, Ghana plans to issue licenses to cryptocurrency platforms as authorities seek to regulate cryptocurrency use while generating revenue. Millions of people in the West African nation already use cryptocurrencies. 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 fully utilize cryptocurrencies, promote cross-border trade, attract strategic investment, and collect financial data. [Foresight News]