GHANA TO EXPLORE GOLD-BACKED STABLECOIN

Summary from the TLDR Crypto newsletter

Ghana passed the Virtual Asset Service Providers Bill, legalizing crypto trading and requiring entities to register with the Bank of Ghana or Securities and Exchange Commission, depending on activity type, with Governor Johnson Asiama confirming "no one is going to be arrested" for trading under the new framework. The country processed $3 billion in crypto transactions from July 2023 to June 2024, with 17% of adults using crypto, positioning the legislation to manage risks in an already-active market. Ghana plans targeted exploration of asset-backed digital settlement instruments, including gold-backed stablecoins in 2026, focused on payments, trade finance, and FX settlement to lower costs, expand access, and strengthen compliance.