BoG to roll out cryptocurrency regulations by September 2025

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• Francis Quartey 11 months ago

  Great idea that Ghana is entering regulation regime of crypto. The central bank though, has a different role in its purpose ; its mandate is to focus on the management of money supply business and financial stability of the ...
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  Great idea that Ghana is entering regulation regime of crypto. The central bank though, has a different role in its purpose ; its mandate is to focus on the management of money supply business and financial stability of the state .
  
  Cryptocurrencies by their nature and origin should not be supported by the central bank of the country per se. Because cryptocurrencies and digital assets serve a much broader need. That class of assets ought to be given a completely different authority to nurture the growth of asset.
  
  One cannot and must not regulate digital asset in the context of traditional financial or monetary regime. This is a classic way of stifling innovation that may benefit the country as a whole. Using the central bank to regulate cryptocurrencies and digital assets would be a lazy and myopic understanding and a defeatist endeavor.
  
  A proactive regulation should fall within the finance ministry and definitively within the security and exchange per-view to allow the evolving industry to grow for the benefit of the nation.
  
  Let’s refrain from mixing apples and oranges by asking the central bank to regulate a fledging phenomena.
  
  Francis Quartey

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• Kr 11 months ago

  Not possible

  Not possible

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