On July 24, Bloomberg reported that the Republic of Ghana plans to issue licenses to cryptocurrency platforms as authorities look to generate revenue while regulating the asset class used by millions in the West African nation. The Governor of the Bank of Ghana stated that the central bank is finalizing a regulatory framework, which is scheduled to be submitted to Parliament for consideration in September. The proposed law will enable the country to take full advantage of cryptocurrencies, promote cross-border trade, attract strategic investment, and collect financial data. [BlockBeats]
On July 24, Bloomberg reported that the Republic of Ghana plans to issue licenses to cryptocurrency platforms as authorities look to generate revenue while regulating the asset class used by millions in the West African nation. The Governor of the Bank of Ghana stated that the central bank is finalizing a regulatory framework, which is scheduled to be submitted to Parliament for consideration in September. The proposed law will enable the country to take full advantage of cryptocurrencies, promote cross-border trade, attract strategic investment, and collect financial data. [BlockBeats]