The Ghanaian Parliament has passed the Virtual Asset Service Providers Act, formally legalizing cryptocurrency trading and related digital asset activities. The act stipulates that individuals and entities engaged in digital asset activities must register with the Central Bank of Ghana or the Securities and Exchange Commission, depending on the nature of their business. Bank of Ghana Governor Johnson Asiama stated that the act lays the foundation for licensing and oversight of industry participants, ensuring that emerging activities are brought under a transparent and regulated framework. Asiama explicitly stated that after the act's passage, no one will be arrested for trading cryptocurrencies. Furthermore, Ghana plans to conduct specific explorations in payments, trade finance, and market infrastructure in 2026, including research into asset-backed digital settlement tools such as gold-backed stablecoins. According to estimates by Web3 Africa Group, Ghana processed approximately $3 billion in cryptocurrency transactions between July 2023 and June 2024.