SEC Admits 11 Firms into Virtual Asset Regulatory Sandbox
The Securities and Exchange Commission Ghana (SEC) has announced the admission of eleven virtual asset service providers into its regulatory sandbox as part of efforts to operationalise the Virtual Asset Service Providers Act, 2025 (Act 1154).
According to the Commission, the sandbox will allow the selected firms to pilot their virtual asset products and services in a controlled environment under regulatory supervision for a period of twelve months. After the first six months, companies whose services meet regulatory requirements and are market-ready may transition to activity-based licensing or registration, while those still developing their products may continue testing for the remaining six months.
The SEC noted that the initiative aims to promote responsible innovation while ensuring investor protection, market integrity, and compliance with anti-money laundering and counter-terrorism financing standards. The pilot will also help the Commission gather insights to develop detailed licensing guidelines for virtual asset service providers.
The companies admitted into the sandbox include Africoin, Blu Penguin, Goldbod, HanyPay, Hyro Exchange GH Ltd, HSB Global, KoinKoin, Whitebits, Vaulta, XChain, and BSystem Ltd.
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