The Bank of Ghana plans to submit a draft regulatory framework for crypto platforms to parliament by September, proposing to license virtual asset platforms to regulate the country's crypto trading market, in which millions of users participate, obtain financial data, and enhance cross-border trade capabilities. The central bank governor stated that the lack of regulation has resulted in a large number of crypto transactions not being included in the official financial system, which has affected the local currency, the cedi. Data shows that Ghana's crypto transaction volume reached $3.00B between July 2023 and June 2024, with approximately 3.00M Ghanaian adults (17% of the adult population) using virtual currencies. [Bloomberg]