Svmuu News The Ghana Securities and Exchange Commission (SEC) announced that, in accordance with the 2025 Virtual Asset Service Providers Act, it has approved 11 companies to enter the regulatory sandbox to test cryptocurrency and digital asset-related services. The sandbox will operate for a period of 12 months, during which participating companies can operate their products in a controlled environment while regulators simultaneously monitor risks and compliance.
The first batch of selected companies includes asset tokenization firms Africoin, Blu Penguin, Vaulta, XChain, and Goldbod, as well as cryptocurrency exchanges Hyro Exchange, HanyPay, and WhiteBit, among others. The SEC stated that companies whose products have reached market-ready status and meet regulatory requirements can transition to a formal license as early as 6 months later, while the remaining companies can continue to refine their services during the remaining period.
The SEC stated that the data collected from this pilot program will be used to formulate detailed licensing guidelines covering areas such as investor protection, market integrity, and anti-money laundering controls. Upon the conclusion of the sandbox, the regulator plans to release final guidelines and open the license application process to a broader range of virtual asset service providers.