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Ghana Central Bank Governor: Ghana is finalizing the regulation framework for Crypto Assets trading.
PANews, July 15th news, according to Bloomberg, the Governor of the Bank of Ghana, Johnson Asiama, stated that Ghana is developing a plan to hedge gold export prices, aimed at protecting the export revenues that drive the rise in the Central Bank's forex reserves from future price fluctuations. Additionally, Asiama mentioned that Ghana is finalizing a regulatory framework for crypto asset trading to formally include exchanges and other digital asset platforms under regulation. He said, "In fact, crypto assets have a significant impact in Ghana; we can turn a blind eye to it, but the reality is that it is having an effect." He indicated that regulation will enable the Central Bank to bring virtual money under its AML and counter-terrorism financing rules and ensure that digital innovation supports rather than undermines forex controls and currency stability.