Ghana has legalize the use of Bitcoin and crypto

[uchegod-21]

Source

So yeah, Ghana has just pass a law that legalize the use of Bitcoin and crypto.  Ghana has now joined the league of African countries that have legalized the use of bitcoin and crypto.


African is coming

This is a good move for Ghana. With well-defined regulations, I believe that Ghanaians who were skeptical about adopting Bitcoin because the government was silent on it will now feel free to buy, hodl, or trade Bitcoin. It is good that people can discuss and use Bitcoin in Ghana without fear of the government. Congratulations to all bitcoiners and intending bitcoiners in Ghana!

[Just Say]

Another bullish news as we can see that the African country has passed the Virtual Asset Service Providers Bill 2025 which has now made Ghana legal for cryptocurrency trading. Another notable aspect as far as I know is that they have got the freedom to buy Bitcoin, Eth and other cryptocurrencies through banks. So it goes without saying that Ghanaians have been given the legal right to transact Bitcoin without any fear since the enactment of this bill or this law. Moreover, OP you should notice that, their central bank has said that all virtual asset companies must obtain approval.

Anyway, Ghana's bold move shows that they are very aware of the opportunities of Bitcoin so my opinion Ghana will now increase the use of this digital gold by following specific rules and regulations.

As per local reports, all virtual asset firms must now seek approval. Licensing, monitoring, and compliance are mandatory. Operators that fail to meet standards can be sanctioned or shut down. The central bank says this structure targets fraud, money laundering, and misuse of customer funds. Consumer protection is the core focus.

[CryptoBuds]

I checked the charts to see if this news or development is big enough to influence the value of bitcoin today, and it did not seem to do much or have an effect, or did anyone notice something different? Did this news have an positive effect on the market? or is Ghana not big enough?

Ghana is a country with a GDP of approximately $100 billion, and its economy ranks 81st globally, and contributing only 0.1% to global GDP. Therefore, it can be said that Ghana is not large enough to attract attention or make a significant impact on the market.

Furthermore, Bitcoin has become very popular and legalized worldwide, with very few countries still prohibiting it. In other words, the adoption of bitcoin is nothing new, so we shouldn't expect that every time there's news about its legalization or acceptance, it will have a significant impact on the price.

I think if this news was coming from a bigger country, a country that has a bigger economy, maybe we would have seen some noticeable positive moves?

To date, China is perhaps the only major country that has not legalized Bitcoin. Most major powers and countries have legalized and accepted Bitcoin.

[Pablo-wood]

If a government is involved then regulations will be in place and once regulations are put in place it will defeat the original idea of Bitcoin as a decentralised asset but rather compelling to their citizens to use it under their regulatory laws and restrictions. It's a nice move don't get me wrong but I don't think it's worth celebrating yet until the regulatory bylaws governing the usage of bitcoin in Ghana is made public.

[Furball808]

Source

So yeah, Ghana has just pass a law that legalize the use of Bitcoin and crypto.  Ghana has now joined the league of African countries that have legalized the use of bitcoin and crypto.


African is coming

Nigerians have been very active here in the forum and Ghanaians may follow suit. I see Africa may use crypto to further develop their region and try to get ahead of other developing countries. In Asia meanwhile, seems like only the first world countries are the ones taking those bold steps.

[EL MOHA]

If a government is involved then regulations will be in place and once regulations are put in place it will defeat the original idea of Bitcoin as a decentralised asset but rather compelling to their citizens to use it under their regulatory laws and restrictions. It's a nice move don't get me wrong but I don't think it's worth celebrating yet until the regulatory bylaws governing the usage of bitcoin in Ghana is made public.

It’s the sole reason why most people do not celebrate government involvement or legalization with bitcoin. Most people who celebrate it more are looking at the adoption rate which it will increase as government gets involved and potentially increases demand which can lead to price increase. For me bitcoin is definitely going to grow in adoption rate without government full involvement but at a slow rate.

As for decentralization, I think government involvement has nothing to do with that they cannot simply go and make any changes to the bitcoin network and decentralization will only be affected by what nodes agree on or miners decide to do. Also with bitcoin you can still stay anonymous without using centralized exchanges

[The Cryptovator]

If a government is involved then regulations will be in place and once regulations are put in place it will defeat the original idea of Bitcoin as a decentralised asset but rather compelling to their citizens to use it under their regulatory laws and restrictions. It's a nice move don't get me wrong but I don't think it's worth celebrating yet until the regulatory bylaws governing the usage of bitcoin in Ghana is made public.

If you are talking about true regulation, then it's quite impossible due to the decentralised nature of Bitcoin. They would regulate like exchanges and wallets, but the government won't regulate Bitcoin itself. Because once you use a noncustodial wallet, then the government won't know who the owner of the wallet is anyway. Rather, the government could gain tax from the exchange and custodial wallet service, including other crypto services.

I would like to celebrate if a country legalised Bitcoin, because I know the pain when I am a crypto user and my government bans crypto. I can't say openly anywhere that I am a crypto user due to fear of the government and central bank. Legalisation doesn't mean regulations, but definitely when a government legalises Bitcoin, then they would implement some regulations as well for centralised platforms. Any decentralised platform, including Bitcoin, couldn't be regulated anyway. That's why we always think about our privacy.

[Pablo-wood]

....

The target has always been through exchanges, Not everyone understands the idea of self custody and most likely many out of excitement and legalization might not bother doing further research on how to be their own bank. It's worth celebrating I won't dispute that just like my own country we haven't made any official statement about Bitcoin being legalized but majority of bitcoin holders here use CEX and it's calls for serious concern.

[Localhostspeed]

If a government is involved then regulations will be in place and once regulations are put in place it will defeat the original idea of Bitcoin as a decentralised asset but rather compelling to their citizens to use it under their regulatory laws and restrictions. It's a nice move don't get me wrong but I don't think it's worth celebrating yet until the regulatory bylaws governing the usage of bitcoin in Ghana is made public.

I firmly believe this legality is better than when government doesn't want people to engage with Bitcoin and other coins. We see the history of Nigeria government and the things they have done over the years. They don't want Bitcoin because they know with Bitcoin people are going to gang up against the atrocities the government is doing, they know that there is no better asset like Bitcoin that's why they are doing everything to take away Bitcoin from people unlike Ghana.

What the government just did is they are trying to draw their enemies close, the government doesn't like Bitcoin. They know they can't win the force, instead of running away from it, they decided to make awareness about it in good ways, this can help them tackle some of the wrong people in the crypto, when something is legalize I'm sure that even the people that are not aware will know about it, that means even the scammers will be making moves with fear.

[Stepstowealth]

I checked the charts to see if this news or development is big enough to influence the value of bitcoin today, and it did not seem to do much or have an effect, or did anyone notice something different? Did this news have an positive effect on the market? or is Ghana not big enough?

Ghana is a country with a GDP of approximately $100 billion, and its economy ranks 81st globally, and contributing only 0.1% to global GDP. Therefore, it can be said that Ghana is not large enough to attract attention or make a significant impact on the market.

Talking of attention, which African country do you think can attract enough attention to have an effect on the market if they legalize the use of bitcoin?
Do you think South Africa? because by economy they have the biggest in Africa. Or maybe Nigeria? we of course have many people who know about bitcoins?

I am thinking openly, what can you think of this?

[Ronsbit]

snip

This is good news for Ghanaians and the crypto world in general because the more governments legalize Bitcoin in some countries, the more adoption increases because some citizens only do what is legal in their country and leave everything that the government didn't legalize in their country to avoid facing the law.

My primary concern is about the knowledge and awareness about Bitcoin; I know they have crypto enthusiasts, but with the rate at which other countries like Nigeria in Africa are participating in cryptocurrency, I haven't heard anything from Ghana. I think they will need learn about Bitcoin and cryptocurrency well before they start in masses.
Furthermore, I see this legalization as a means of getting more income in the form of taxes for the government.

Of course, it is good news, and I believe Ghanians are really happy about the move by their government to legalize Bitcoin and crypto in their country. This would also help them to do trading and other activities as it relates to cryptocurrency. However, I believe this move by the government is coming with a motive, and it would not be more than taxing to get revenue, so Ghanaians should be ready to pay taxes, just like their Nigerian counterpart which would commence from January 2026.

As for Nigeria, they are always far ahead of their African brothers when it comes to matters like this. You will agree with me that the Nigerian Government bowed to the pressure of legalizing bitcoin because they know that the youths already have their way, and they would lose money from taxes, hence they had to revise their stand on crypto to make it legal, because if they do not, they will still be at a loss.

[KiaKia]

Africa countries are massively using crypto and I guess that's because of lack of freedom in the countries, let me talk from my own side of view, I like crypto because no one is watching if I put them side to side with centralised companies and banks.

Also crypto transactions are way cheaper, I am not paying anyone to do the job for me so I won't be paying any tax or monthly payments for the banks, I do the keeping myself.

The third part is secrecy, no one knows who the address really belongs to, so no one really knows how much I have or worth in total, this is a good reason to why I have always prefer Bitcoin and few other cryptocurrency.

Very useful for African, because all I have known since I was born in my country is abiding by some rules and laws that always want to monitor everything you do.

[KingsDen]

Source

So yeah, Ghana has just pass a law that legalize the use of Bitcoin and crypto.  Ghana has now joined the league of African countries that have legalized the use of bitcoin and crypto.


African is coming

There is an African adage which says "why delay to do something that you will finally do"? This adage is often used for a male adult upto the age of marriage but runs away from marriage. So, why run away if you will finally marry.
So, I do not understand why some countries, especially African countries run away from adopting or legitimizing bitcoin? This is something they will surely later do... Why waste alot of times? Before they will embrace it, others have queued in finish.

This is a bold one from Ghana, I believe Nigeria is learning how to do theirs in order to tax crypto guys. The major problem of Nigerian government is taxation. Let's see how it goes.

[AmoreJaz]

If a government is involved then regulations will be in place and once regulations are put in place it will defeat the original idea of Bitcoin as a decentralised asset but rather compelling to their citizens to use it under their regulatory laws and restrictions. It's a nice move don't get me wrong but I don't think it's worth celebrating yet until the regulatory bylaws governing the usage of bitcoin in Ghana is made public.

Though it defeats the original concept of btc, but I believe this kind of developments is the thing we can't eradicate anymore because we are living in this age where regulation is a must. This is why we need to accept such norm because this is already inevitable to be adopted worldwide. With the implementation of kyc, meaning, government protocols are being applied, and so giving up those anonymity factor in btc.

This happening is somewhat we can't escape in today's setting. This is now the reality when it comes to government protocols being implemented on decentralized markets. Btc is no exception so to speak.

[Orpichukwu]

If a government is involved then regulations will be in place and once regulations are put in place it will defeat the original idea of Bitcoin as a decentralised asset but rather compelling to their citizens to use it under their regulatory laws and restrictions. It's a nice move don't get me wrong but I don't think it's worth celebrating yet until the regulatory bylaws governing the usage of bitcoin in Ghana is made public.

Bitcoin will continue to be decentralized; government regulation can only limit or detect how their citizens make use of it, and it's left for them to either obey or just use Bitcoin as they want to.

Personally, sometimes I just don't like too much government involvement in crypto. Let them just allow citizens to use it however they want; no need for making it a legal tender or debating on the right bill which suits it better, but that's just me thinking this is an inevitable thing. The government will always get involved as long as it's something which their citizens show concern about.

[Adbitco]

Source

So yeah, Ghana has just pass a law that legalize the use of Bitcoin and crypto.  Ghana has now joined the league of African countries that have legalized the use of bitcoin and crypto.


African is coming

This is a great news all together but for long I haven't heard anything about Ghana for long and I don't think if the have activities over here in the forum as other does. If they have legalized active of cryptocurrencies then it is great thing to their economy as believe this would positioned far away from other African countries such as Our country Nigerian. I know new that is not much different but for Ghana to first legalized the use of crypto currency in their country that means they have already sight something in the future that could help them alot than keep waiting for nothing.

[free-bit.co.in]

Africa countries are massively using crypto and I guess that's because of lack of freedom in the countries, let me talk from my own side of view, I like crypto because no one is watching if I put them side to side with centralised companies and banks.

Also crypto transactions are way cheaper, I am not paying anyone to do the job for me so I won't be paying any tax or monthly payments for the banks, I do the keeping myself.

The third part is secrecy, no one knows who the address really belongs to, so no one really knows how much I have or worth in total, this is a good reason to why I have always prefer Bitcoin and few other cryptocurrency.

Very useful for African, because all I have known since I was born in my country is abiding by some rules and laws that always want to monitor everything you do.

Those are also reason why people choose bitcoin and cryptocurrencies, but if we are honest, it can be said that all of them are merely secondary reason. The main reason we like bitcoin and cryptocurrencies is the enormous profit potential they can generate, including myself.

If Bitcoin were used only for its original purpose as a p2p currency, without price volatility and without increasing thousands of times to make many people wealthy with a small amount of capital. I think not many of us will need it anymore. That is also why most of us are still using CEX, centralized services, and are still hoping the government will legalize crypto.

[X-ray]

does anyone actually think ghana legalizing it will lead to more adoption or is it just a way for the government to start collecting taxes?

It is logical to assume that making something legal will increase adoption, but rest assured, governments will want their piece of cake.

Even without legalizing it they'd still be collecting tax through other tax law. That's how it is everywhere else I'm sure thats how it works in ghana as well.

Legalizing bitcoin means right now it's becoming clearer, tax wise. They always have the cake, now at least they put legal status to bitcoin.

[Achalugo BTC]

Certainly, other African countries will likely join in legalizing Bitcoin. It's just a matter of time, we will get to see that coming to reality. We will then congratulate the African country, just as we did with Ghana today, for thinking it wise to legalize Bitcoin, which I feel is a step toward financial freedom for the people of Ghana

Its exciting to see other countries are interested in adopting Bitcoin, which is a step towards financial freedom for the people because increased adoption will bring more opportunities for the people, which will give them more reason to adopt Bitcoin such as having the right to be in total control of their funds.
Which is what its motivating people the more to be a part of it and with the way, people are adopting Bitcoin, will increase the growth of it massively.

[SamReomo]

Better late than never. That's a fitting statement for the Ghanaian government, as they previously lacked regulations governing Bitcoin and cryptocurrency transactions and trading in their country. Now, they have clear regulations in place, meaning that all activities related to Bitcoin and cryptocurrency are no longer illegal, and millions of users no longer need to worry about getting into trouble when dealing with crypto.

Well, it's a good news and such a news is always going to be helpful for Bitcoin and for the whole crypto community. In near future we might see many countries legalizing Bitcoin and crypto currencies, and that will make most countries go from cash economy to cashless economy. The time isn't far when we might see many countries making their own CBDC's as those are going created my most countries in future. I'm happy that people of Ghana can now legally use Bitcoin and trade it without any worries.