Ghana’s Securities and Exchange Commission has approved 11 cryptocurrency companies to participate in a regulatory sandbox programme following the adoption of a new digital asset law in December.
The initiative allows crypto platforms to test products and services under regulatory supervision through a framework established by the country’s Virtual Asset Service Providers Act.
The SEC said the companies will operate in a controlled environment designed to support innovation while maintaining consumer protection and regulatory oversight.
The firms admitted to the sandbox include Africoin, Blu Penguin, Goldbod, Hanypay, Hyro Exchange, HSB Global, KoinKoin, Whitebits, Vaulta, XChain and Bsystem.
Participants must comply with anti-money laundering and counter-terrorism financing requirements and could receive a full licence within six months if their products are market ready and meet regulatory standards.
The pilot programme is expected to run for 12 months, with regulators planning to use insights from the trial to shape Ghana’s longer-term digital asset policies.
The initiative comes as crypto activity continues to expand across Africa, with blockchain analytics firm Chainalysis reporting that the Sub-Saharan region received more than $205 billion in crypto value between July 2024 and June 2025.