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Bank of Ghana’s VARO Hosts Virtual Session with Over 100 Virtual Asset Entities
The Bank of Ghana’s Virtual Assets Regulatory Office (VARO) held a two-day virtual engagement on November 19 and 20 with recently registered Virtual Asset Service Providers (VASPs), with the participation of over 100 entities.
Participants were briefed on key elements of the draft VASP Bill, including eligibility, governance, licensing, registration, prudential and operational requirements, transitional provisions for existing VASPs, as well as AML/CFT obligations.
The session was organised in collaboration with the Financial Stability Department of the Bank, the Financial Intelligence Centre (FIC), and the Securities and Exchange Commission (SEC). It also provided an opportunity for the Bank and the SEC to clarify aspects of the draft VASP Bill during a Q&A session.
VARO encouraged stakeholders to follow updates on the Virtual Assets page of Bank of Ghana’s website. The next engagement will be an in-person training session focused on Anti-Money Laundering, Travel Rule, and other key compliance requirements.
This initiative reflects the Bank and the SEC’s commitment to guiding the responsible growth of the virtual assets sector.
Participants were briefed on key elements of the draft VASP Bill, including eligibility, governance, licensing, registration, prudential and operational requirements, transitional provisions for existing VASPs, as well as AML/CFT obligations.
The session was organised in collaboration with the Financial Stability Department of the Bank, the Financial Intelligence Centre (FIC), and the Securities and Exchange Commission (SEC). It also provided an opportunity for the Bank and the SEC to clarify aspects of the draft VASP Bill during a Q&A session.
VARO encouraged stakeholders to follow updates on the Virtual Assets page of Bank of Ghana’s website. The next engagement will be an in-person training session focused on Anti-Money Laundering, Travel Rule, and other key compliance requirements.
This initiative reflects the Bank and the SEC’s commitment to guiding the responsible growth of the virtual assets sector.
