Ghana | Crypto

The crypto brokerage said increasing demand across West Africa is driving its expansion as user activity grows across the Sub-Saharan region. Crypto brokerage company Blockchain.com is expanding into Ghana as part of a broader push to grow its presence across Africa, following rapid user growth in Nigeria over the past year. The company said it plans to offer Ghanaian users access to its trading platform as it builds out regional infrastructure and explores additional African markets. The expansion follows strong growth in Nigeria, where the company launched retail operations last year and reported more than a 700% increase in brokerage transaction volume. According to the company, the most traded assets on its platform in the country have been Bitcoin (BTC), Tether (USDT) and Tron (TRX). Read more

Ghana legalizes cryptocurrency and gives its central bank authority to regulate and license providers to reduce fraud and systemic risks. Ghana has legalized cryptocurrency trading by establishing a regulatory framework targeting the industry. Ghana’s parliament has passed the Virtual Asset Service Providers Bill into law, Bank of Ghana (BoG) Governor Johnson Asiama said, according to a report on Sunday by the state-owned Daily Graphic news agency. “Virtual asset trading is now legal, and no one will be arrested for engaging in cryptocurrency, but we now have a framework to manage the risks involved,” Asiama said on Friday at the BoG’s annual Nine Lessons, Carols and Thanksgiving Service. Read more

Global crypto giant Blockchain.com has announced a bold push into Africa, starting with Nigeria’s first major international crypto office. The post Blockchain.com Launches African Push in Nigeria, Ghana—Is Africa Crypto’s Next Frontier? appeared first on Cryptonews.