Ghana’s Parliament Passes Law to Legalize Cryptocurrency Use

Ghana’s parliament has approved legislation legalizing cryptocurrency trading, ending years of uncertainty and giving the central bank formal oversight of a market already used by millions.

The Virtual Asset Service Providers Bill establishes a licensing and supervisory framework for crypto platforms, according to Bank of Ghana Governor Johnson Asiama. He announced the decision on December 19 in Accra, saying digital asset trading is now lawful nationwide and users will no longer face arrest for…