Eleven Virtual Asset Service Providers (VASPs) have been accepted into the Ghanaian SEC’s regulatory sandbox.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Securities and Exchange Commission (SEC) Ghana, has admitted 11 Virtual Asset Service Providers (VASPs) into its regulatory sandbox.

The move will enable the SEC pilot its products and services in a controlled environment under the regulatory oversight of the Commission.

The eleven VASPs are Blu Penguin, HanyPay, Goldbod, Africoin, Hyro Exchange Gh Ltd., HSB Global and Koinkoin. The rest are Whitebits, Vaulta, Xchain and Bsystem Ltd.

It added that VASPs whose product and services are not market ready within the first six months may be allowed to continue the pilot of their product for the remaining six months.

Source: newsthemegh.com