The Securities and Exchange Commission Ghana has issued a notice that it is finalising a regulatory sandbox framework for Virtual Asset Service Providers (VASPs) as it operationalises the Virtual Asset Service Providers Act, 2025, under which it acts as a co-regulator. The sandbox is intended to provide a controlled environment under SEC oversight to test innovative virtual asset products and services. Once the framework is completed, the SEC plans to open an application process for licensing across specified virtual asset service categories, including virtual asset exchanges and trading platforms, virtual asset issuance, tokenization, virtual asset exchange traded funds (ETFs), virtual asset managers, virtual asset brokerage and investment advisory, and virtual asset mining and validation (on securities). The sandbox is positioned as supporting investor protection and market integrity, alongside compliance with anti-money laundering and counter-terrorism financing standards. The SEC expects lessons from the sandbox pilot phase to inform its future policy development and licensing frameworks for virtual assets. The notice is issued under the Securities Industry Act, 2016 (as amended) and the Virtual Asset Service Providers Act, 2025.

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