BoG and SEC Warn Virtual Asset Providers Against Unauthorised Promotions
The Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) have cautioned Virtual Asset Service Providers (VASPs) against mass marketing and public promotional campaigns for virtual assets, unless explicitly authorised by the regulators.
In a joint statement released on Friday, 20th February 2026, the two regulators in the financial market explained that the directive is aimed at addressing growing concerns over the increasing advertisement of virtual assets and stablecoins. This includes the use of large billboards in Accra and other parts of the country by some VASPs.
The statement also noted that virtual asset advocacy is a regulated activity requiring registration by both the BoG and SEC with detailed rules on advocacy and advertising to be soon issued in due course.
VASPs who have already erected billboards or other public advertisements are also instructed to remove them within 48 hours of the notice. The regulators warned that failure to comply will attract strict sanctions.
This directive forms part of broader efforts to ensure consumer protection, maintain financial stability, and promote responsible innovation within Ghana’s emerging virtual asset ecosystem.
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