Stablecoin regulation is now a custody battle across Africa. This analysis explains how Kenya, Nigeria, and South Africa are shaping reserve rules, VASP licensing, and cross border crypto compliance, and why the cost of operating across multiple markets is rising
Ghana’s VASP registration deadline separates compliant crypto firms from the rest, but registration grants zero operating rights. It’s purely assessment, identifying exchanges, wallets, stablecoin platforms before BoG rolls out full licensing. Miss it? Face sanctions and permanent disqualification. Amid surging West African adoption and scam revivals, BoG maps the ecosystem to design FATF-aligned AML rules. Registration doesn’t mean approval; it means survival. Ghana challenges Nigeria.
