Ghana’s central bank plans to implement crypto regulations by the end of the year, following Kenya’s recent bill. Governor Johnson Asiama aims for regulations to be in place by December. BoG previously set a September deadline and issued draft guidelines in August 2024. Ghana’s crypto demand is growing, with over 3 million users in the country. The BoG is also running a digital sandbox environment for companies to experiment with cryptocurrency. Isaac Simpson from Stanbic Bank Ghana warns that inaction on regulations could cost Ghana tax revenue and innovation. Nigeria, Kenya, South Africa, and Rwanda are ahead in crypto adoption, and Ghana risks falling behind without regulations.

Read more at Cointelegraph: Ghana Moves Toward Crypto Regulation Amid Rising User Adoption