The Bank of Ghana has launched a compulsory registration process for all Virtual Asset Service Providers (VASPs) operating in the country, reinforcing its efforts to safeguard financial stability and consumer protection within the evolving digital finance landscape.

In a public notice issued July 10, the central bank said entities engaged in activities such as cryptocurrency exchanges, digital wallets, token issuance, and related services must register by August 15, 2025. The move marks a foundational step in Ghana’s efforts to build a legal and regulatory framework tailored to the virtual asset market.

While registration is mandatory, it does not amount to licensing or formal approval to operate, the Bank of Ghana clarified. Rather, it serves as a preliminary mechanism to identify and assess players in the market ahead of upcoming policy measures. The central bank said the exercise is designed to ensure that future regulation reflects both international best practices and the realities of Ghana’s digital financial ecosystem.

Entities providing virtual asset services to residents of Ghana, whether through physical presence or online platforms, are expected to comply. Failure to register could lead to regulatory sanctions, including the possibility of being barred from future licensing opportunities. The registration portal is now open, and the Bank has advised operators to complete the process promptly.