Republic of Ghana Plans to Issue Licenses to Cryptocurrency Platforms

On July 24, Bloomberg reported that the Republic of Ghana plans to issue licenses to cryptocurrency platforms as authorities look to generate revenue while regulating the asset class used by millions in the West African nation.

The Governor of the Bank of Ghana said that the central bank is finalizing a regulatory framework that it plans to submit to Parliament for consideration in September. The proposed law would enable the country to take full advantage of cryptocurrencies, promote cross-border trade, attract strategic investment, and collect financial data. [BlockBeats]