The Securities and Exchange Commission (SEC) is finalising its regulatory sandbox framework for Virtual Asset Service Providers (VASPs), aimed at providing a controlled environment to test innovative virtual asset products and services under regulatory oversight.
In a statement issued by the commission, sandbox will allow SEC to evaluate and guide virtual asset innovations while promoting responsible adoption, investor protection, and market integrity.
It will also ensure compliance with anti-money laundering and counter-terrorism financing standards.
Upon completion of the framework, SEC will open an application process for licensing various categories of virtual asset services under the Virtual Asset Service Providers Act, 2025 (Act 1154).
These categories include Virtual Asset Exchanges and Trading Platforms, Virtual Asset Issuance, Tokenisation, Exchange Traded Funds, Virtual Asset Managers, Brokerage and Investment Advisory services, and Virtual Asset Mining and Validation (On Securities).
The Commission said lessons learned from the sandbox’s pilot phase would inform future policy development and licensing frameworks for virtual asset operations in Ghana.
SEC encouraged market operators to contact the Commission for further details via email at [email protected], by telephone at +233 (0)302 768 970–2, the toll-free line 0800 100 065, or visit http://www.sec.gov.gh.
The Commission is mandated under the Securities Industries Act, 2016 (Act 929) to regulate Ghana’s capital market and, under the Virtual Asset Service Providers Act, 2025, to co-regulate virtual asset services with dedicated oversight responsibilities.
