Ghana's Securities and Exchange Commission (SEC) has officially approved 11 crypto trading platforms to participate in its first regulatory sandbox program, marking a significant step in regulating the crypto market after the passage of relevant legislation in December last year. The selected companies include Africoin, Blu Penguin, Goldbod, Hanypay, Hyro Exchange, HSB Global, KoinKoin, Whitebits, Vaulta, XChain, and Bsystem. These companies will test their products and services in a regulated environment while strictly adhering to anti-money laundering and counter-terrorism financing compliance requirements. Regulators stated that this pilot program will provide crucial data and practical experience for formulating national crypto policies in the future. According to the Virtual Asset Service Providers Act (VASP), all digital asset-related businesses must register with or obtain a license from the SEC or the Bank of Ghana to operate. At the same time, international crypto companies are accelerating their expansion into the Ghanaian market. Blockchain.com stated that, given the extremely high penetration rate of mobile payments in the region, its strategic focus will be on deep integration with the mobile payment ecosystem. As one of Africa's major economies, over 80% of crypto transactions in Ghana are below $1,000, demonstrating strong retail demand and financial inclusion potential. 
Ghana Approves 11 Crypto Firms for Regulatory Sandbox Pilot
Ghana approves 11 crypto firms for a regulatory sandbox, promoting industry compliance while focusing on mobile payment integration and retail crypto demand, providing important reference for African crypto regulation.