Ghana’s Securities and Exchange Commission has launched a regulatory sandbox framework under the Virtual Asset Service Providers Act.
Sandbox Duration and Transition PathsGhana’s Securities and Exchange Commission has taken another step in shaping the country’s digital asset landscape by announcing the operational rollout of its regulatory sandbox framework under the Virtual Asset Service Providers Act, 2025 (Act 1154).
The sandbox, scheduled to run for 12 months, is designed to allow virtual asset service providers (VASPs) to pilot products and services in a controlled environment under SEC oversight.
The sandbox aims to support responsible innovation, strengthen investor protection, uphold market integrity, and ensure compliance with anti-money laundering and counter-terrorism financing standards. Data gathered during this period will inform future licensing guidelines, which the SEC will publish to open the sector for full registration.
The SEC confirmed that the following VASPs have been admitted: Africoin, Blu Penguin, Goldbod, Hanypay, Hyro Exchange GH Ltd., HSB Global, Koinkoin, Whitebits, Vaulta, Xchain and BSystem Ltd. Their participation will help validate draft guidelines for activity-based licensing categories under Act 1154.
FAQ What is the purpose of Ghana’s regulatory sandbox? The sandbox allows virtual asset service providers (VASPs) to pilot products under SEC oversight to foster responsible innovation. How long will the sandbox operate? The framework will run for 12 months, with a midpoint review at six months to assess progress. What transition paths are available for participants? VASPs with compliant products can apply for activity-based licenses after six months, while others can continue piloting for the full duration. Which VASPs have been admitted to the sandbox? Participants include Africoin, Blu Penguin, Goldbod, Hanypay, and others, aimed at validating licensing guidelines under Act 1154.
