Ghana Securities and Exchange Commission launches a 12-month crypto regulatory sandbox, with the first 11 companies approved to participate

Mars Finance News: The Ghana Securities and Exchange Commission (SEC) has announced the approval of 11 companies to enter the regulatory sandbox to test cryptocurrency and digital asset-related services. The sandbox will operate for 12 months, allowing participating companies to run products in a controlled environment while regulators monitor risks and compliance. The first batch of companies includes asset tokenization firms Africoin, Blu Penguin, Vaulta, XChain, and Goldbod, as well as cryptocurrency exchanges Hyro Exchange, HanyPay, and WhiteBit. The SEC stated that companies whose products are market-ready and meet regulatory requirements could transition to full licensing as early as six months, while others can continue to improve their services within the remaining period. The SEC added that data collected from this pilot project will be used to develop detailed licensing guidelines covering investor protection, market integrity, and anti-money laundering controls. After the sandbox concludes, regulators plan to publish final guidelines and open the licensing application process to a broader range of virtual asset service providers.