Ghana Lets 11 Crypto Companies Participate in Sandbox

Ghana’s Securities and Exchange Commission (SEC) has approved 11 crypto trading platforms – Africoin, Blu Penguin, Goldbod, Hanypay, Hyro Exchange, HSB Global, KoinKoin, Whitebits, Vaulta, XChain and Bsystem – to participate in its new regulatory sandbox program. This initiative, enabled by the Virtual Asset Service Providers (VASP) Act passed in December, allows these companies to test their products and services in a controlled environment under the SEC’s supervision. The 12-month sandbox program prioritizes consumer protection and compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) standards. Companies demonstrating readiness and full compliance may transition to a full license after six months. This move follows Blockchain.com’s recent expansion into Ghana, focusing on integrating with the country’s mobile money ecosystem. Ghana is a significant market in Sub-Saharan Africa, experiencing a 52% year-on-year increase in crypto value received, exceeding $205 billion between July 2024 and June 2025.

(Source：Cointelegraph)