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Ghana is finalizing regulatory framework for cryptocurrency trading

According to online reports, Ghana's Central Bank Governor Johnson Asiama said that Ghana is formulating a gold export price hedging plan to protect the earnings from gold exports and avoid future price fluctuations from impacting the central bank's foreign exchange reserves. In addition, Asiama said that Ghana is finalizing a regulatory framework for cryptocurrency transactions to bring trading platforms and other digital asset platforms into the scope of formal regulation. Regulation will enable the Central Bank of Ghana to bring virtual currencies under its anti-money laundering and counter-terrorism financing rules and ensure that digital innovation supports rather than undermines foreign exchange controls and currency stability.

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