Ghana’s Securities and Exchange Commission (SEC) is maintaining its cautious approach to regulating cryptocurrency assets, despite growing interest in the digital space. Speaking on Joy News’ PM Express Business Edition, SEC Director Rev. Daniel Ogbarmey Tetteh confirmed that cryptocurrencies remain unregulated in Ghana, and anyone engaging with them does so at their own risk.
Rev. Tetteh explained that while the SEC is open to learning more about cryptocurrencies, it cannot regulate assets it does not fully understand. The SEC has established an innovation team to deepen its knowledge of crypto markets, working with virtual asset service providers (VASPs) and international regulatory bodies.
Ghana’s approach contrasts with some nations that have already implemented crypto regulations. However, Rev. Tetteh defended the SEC’s careful stance, arguing that getting the regulatory framework right is more important than rushing the process.
With global attention on crypto regulation, Ghana’s SEC continues to monitor developments to ensure a well-structured approach in the future.