On August 16, the Central Bank of Ghana released draft guidelines on digital assets while soliciting feedback from the public and industry stakeholders on upcoming crypto regulations. According to the Central Bank of Ghana, data collected over the past three years shows a significant increase in interest in cryptocurrencies in Ghana. Therefore, Ghana intends to implement laws against risks such as money laundering and terrorist financing, fraud, and take measures to protect consumer rights. The Central Bank of Ghana has proposed an eight-pillar cryptocurrency regulatory framework, primarily strengthening registration and reporting requirements for cryptocurrency exchanges or virtual asset service providers (VASPs).