Ghana’s Securities and Exchange Commission (SEC) announced the launch of a 12-month regulatory sandbox for virtual asset service providers, enabling 11 companies to operate in the first cohort under the terms of the Virtual Asset Service Providers Act, 2025.
The program allows companies to run their products in a controlled environment while the regulator monitors risks and levels of regulatory compliance. Among the included firms are asset tokenization companies such as Africoin, Blu Penguin, Vaulta, XChain and Goldbod, alongside cryptocurrency exchanges including Hyro Exchange, HanyPay and WhiteBit.
Ghana’s SEC indicated that companies whose products are market-ready and meet regulatory requirements will be able to transition to a full license after the first six months. Those that do not reach that threshold may remain in the controlled environment during the remaining period to adjust their services.
Data collected during the pilot will be used to define rules on investor protection, market integrity and anti-money laundering controls. At the close of the sandbox, Ghana plans to publish the definitive guidelines and open the licensing process.
Source: https://sec.gov.gh/press-release-official-announcement-of-virtual-asset-sandbox-participants/
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