SEC To Regulate Crypto -Currency In Ghana-Good/Bad news.

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Information reaching Infoghmedia proves that The Securities and Exchange Commission will within the coming months announce an engagement collection for traders within the crypto money area to dialogue on easy methods to regulate the digital coin for transactions in Ghana.

This is known as the “Fintech roundtable”, it is anticipated that the result of the engagement will assist in formulating insurance policies, guidelines and rules for the block chain, which when accepted will inject billions of cedis into the Ghanaian economic system.

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Deputy Director General , Paul Ababio, instructed Pleasure Enterprise on the launch of the SEC 10-year Masterplan challenge that there are numerous dynamics of the crypto forex area that must be handled in an orderly method.“We shall be establishing a “Fintech roundtable’ and invited selected to be participants.

We may also have an engagement session round this and are available out with a transparent minimize coverage”, he stated.“We will spell out what the technique shall be, on easy methods to deal with it.

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Crypto industry / “Fintech roundtable”

There are numerous dynamics to the crypto forex incidence; there’s the precise block chain know-how which might be deployed for different functions after which the monetization of that know-how and the way it interacts with the true sector”, he additional stated.

Clearly, as regulators we’ve issues with cash laundering, and the way that shall be handled”, he identified.Close to timelines, Paul Ababio noted that once the working group is formed, it is expected that a time frame will be adopted and implementation will begin as soon as practicable.

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When crypto is being regulated it may be exposed to market manipulations and so on. Could this be a good News for the crypto market ? Drop your comments in the comment section below.