Ghana SEC Launches Crypto Sandbox for 11 Firms

Ghana's Securities and Exchange Commission has launched a regulatory sandbox program allowing 11 cryptocurrency firms to test their services under supervised conditions, marking the initial rollout of the country's new digital asset law.

The program, announced on Tuesday, operates under the Virtual Asset Service Providers Act of 2025, which was adopted in December to provide legal clarity for crypto businesses. The sandbox will run for 12 months, enabling participating companies to pilot products such as trading platforms, payment systems, and asset tokenization. Firms that demonstrate market readiness and full regulatory compliance can transition to permanent licenses after six months, while others may continue testing until the program's end. The initiative is jointly overseen by the Securities and Exchange Commission and the Bank of Ghana.

The selected companies include a mix of local and international players: Africoin, Blu Penguin, Goldbod, Hanypay, Hyro Exchange GH Ltd, HSB Global, Koinkoin, Whitebits, Vaulta, Xchain, and Bsystem Ltd. Goldbod, the state-backed Ghana Gold Board that serves as custodian for gold-backed securities, is among the participants, highlighting the...