Amid the latest cryptocurrency regulations and CBDC discussion, the Securities and Exchange Commission of Ghana announced its plan to create an engagement series dubbed ” FinTech Roundtable” for sector players in the blockchain and cryptocurrency space to dialogue on how to regulate the digital coin for transactions in Ghana.
At the Fintech roundtable, it is expected that the outcome of the engagement will help in formulating policies, rules and regulations for the blockchain technology, which when approved will inject billions of cedis into the Ghanaian economy.
At the SEC 10-year Masterplan Project, Deputy Director General, Paul Ababio said,
“There are various dynamics of the cryptocurrency space that needs to be dealt with in an orderly manner. There’s the actual block chain technology which can be deployed for other purposes and then the monetization of that technology and how it interacts with the real sector. Now we will establish this engagement session and invite selected participants to come out and discuss a clear cut cryptocurrency policy.”
It is worthy to note that once the working group is formed, it is expected that a time frame will be adopted and implementation will begin as soon as possible.
Meanwhile, SEC pointed out that as regulators they have concerned with money laundering and how that will be dealt with.