Ghana passes bill to regulate crypto and its service providers

Parliament’s approval of the Virtual Asset Service Providers Bill gives regulators authority over crypto activities, ending years of policy ambiguity.
Compliance — coverage and analysis.

Parliament’s approval of the Virtual Asset Service Providers Bill gives regulators authority over crypto activities, ending years of policy ambiguity.

The new rules establish a licensing regime for VASPs and bring them under the purview of BAM and AMMC

Plus: 🌍 Nigeria, South Africa and two other African countries exit FATF’s grey list 🇿🇦 Ripple to provide digital assets custody services for Absa’s users 🇰🇪 Kenya edges toward crypto regulation as parliament passes VASP bill

According the IMF, these countries have lost significant sums of money as a result of being grey listed by the FATF

The bill has scrapped the creation of a new agency, VARA, and has instead placed VASPs under the CMA and CBK’s regulatory oversight.

At a Mariblock webinar last week, tax and digital asset experts said the new laws mark a turning point for the sector’s legitimacy.

It will set parameters, conditions, administrative responsibilities, and reporting requirements for cross-border crypto transactions.

The BoG says it is merely looking to identify VASPs and not to issue a license just yet.

BoG claims Yellow Pay is offering digital payment services, crypto trading, and stablecoin-based remittances without proper licensing.

Nigerian banks continue to flag accounts interacting with cryptocurrencies; arrests haven’t stopped, and confusion persists over what the law actually changed.

The coalition is pushing to scrap Kenya’s now-revised 1.5% crypto transfer tax, calling it unfair, innovation-stifling, and out of step with global norms.

A coalition of VASPs is mobilizing to lobby against the proposed tax law, seeking support from global tax experts to bolster its efforts.

The exchange is complying with the FIC’s directive to implement the FATF’s Travel Rule by April 30.

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Since it granted temporary approvals to Quidax and Busha last year, the agency has hesitated to grant licenses to more crypto firms.

Plus: 🇰🇪 Kenya finally tables a crypto bill, 🇿🇦 Nedbank preps smart contracts, and 📈 Alex Witt talks Minipay’s $40M fund.

The agency says that criminal actors are turning to crypto to launder their profits and wants licensed VASPs to report them

The bill, the Virtual Assets Service Providers Bill 2025, outlines provisions for crypto regulations in Kenya

Afriinvest and MutualWealth have been promising South Africans daily ROIs as high as 10,000 rands on crypto ‘investments.’

The South African taxman has employed crypto tax specialists to help it firm up its tax collection strategy.