• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, September 14, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

SEC Sets to Engage Players in the Industry to Regulate Digital Coin

May 16, 2022
Stephen M.Cby Stephen M.C
in Securities/Markets
0
SEC Sets to Engage Players in the Industry to Regulate Digital Coin

Deputy Director General, Paul Ababio

The Securities and Exchange Commission (SEC) has indicated that it will in the coming months announce an engagement series for sector players in the digital currency space to dialogue on how to regulate the digital coin for transactions in Ghana.

Deputy Director General, Paul Ababio, disclosed that engagement series will be known as the “Fintech roundtable”, noting that it is expected that the outcome of the engagement will help in formulating policies, rules and regulations for the block chain, which when approved will inject billions of cedis into the Ghanaian economy.

The Deputy Director General explained that there are various dynamics of the crypto currency space that needs to be dealt with in an orderly manner.

RelatedPosts

GSE Investors Smile as Market Delivers Nearly 50% Return in 2025

Access Bank Stumbles Slightly After Stunning 214% Year-to-Date Rally

GCB Bank Soars Nearly 10% to Lead GSE Gainers as Market Ends Without Losers

“We will be establishing a ‘Fintech roundtable’ and invite selected participants. We will also have an engagement session around this and come out with a clear cut policy.”

Paul Ababio

Paul Ababio, meanwhile, noted that the Commission is yet to decide on the strategy.

“We will be able to spell out what the strategy will be, on how to address it. There are various dynamics to the crypto currency occurrence; there’s the actual block chain technology which can be deployed for other purposes and then the monetisation of that technology and how it interacts with the real sector. “

Paul Ababio

The Deputy Director General pointed out saying “Obviously, as regulators we have concerns with money laundering, and how that will be dealt with.”

With regards 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.

The Commission to Soon Come Out with Final Policy

Meanwhile, the Director General of the Securities and Exchange Commission, Rev. Daniel Ogbarmey Tetteh, stated that the commission will soon come out with its final policy position on trading in cryptocurrencies.

Rev. Ogbarmey averred that the commission is still trying to get a better view of how to approach the whole issue of cryptocurrencies to determine whether to allow it or not.

Until then, he said, SEC’s position in its notice which was issued in 2019 has still not changed.

In the intervening time, SEC warned the public that none of the cryptocurrencies is recognised as currency or legal tender in Ghana.

“The platform on which they are traded are also not licensed nor regulated by the SEC. The SEC would like to make it clear that it does not currently regulate these types of products offerings and their accompanying online trading platforms or exchanges.

“Members of the general public who are investing or intend to invest in such currencies or assets may be doing so at their own risk and can in no way be protected under the Securities law regime in Ghana.”

Daniel Ogbarmey Tetteh

The Director General stressed that SEC is yet to come up with any guidelines regarding cryptocurrencies and it’s not something which is regulated by the commission.

“We have plans of getting a better view of how to approach this whole issue to determine whether we are going to allow it in the future.”

Daniel Ogbarmey Tetteh

READ ALSO: ISSER Urges Gov’t to Bring Back Tollbooths As a Fiscal Measure

Tags: CryptoSEC
Please login to join discussion
Previous Post

Introduce Cash Transfer Scheme To Cushion Citizens Against Rising Cost of Living –  Dr. Opoku

Next Post

Security Threats Must Be Dealt With- Citizens Urge Authorities

[mc4wp_form id="1264"]

Related Posts

Mahama’s Government Accused of Betraying Ghanaians’ Trust
General News

Ahiagbah Warns of ‘Supreme Leader’ Under Mahama

September 13, 2025
Trump Rebuffs Putin’s Offer To Aid Israel-Iran Conflict Mediation
Europe

Trump Poised To Sanction Russia If NATO Allies Halt Russian Oil Purchases

September 13, 2025
African Creatives Urged To Think Bigger Than YouTube
Entertainment

African Creatives Urged To Think Bigger Than YouTube

September 13, 2025
Lawyer Bobbey Banson
Extractives/Energy

Serious Talks Underway to Resolve E&P–Azumah Standoff, Lawyer Confirms

September 13, 2025
GSE Investors Smile as Market Delivers Nearly 50% Return in 2025
Securities/Markets

GSE Investors Smile as Market Delivers Nearly 50% Return in 2025

September 13, 2025
Quad Nations Push For Truce In Sudan Conflict
Africa

Quad Nations Push For Truce In Sudan Conflict

September 13, 2025
Mahama’s Government Accused of Betraying Ghanaians’ Trust
General News

Ahiagbah Warns of ‘Supreme Leader’ Under Mahama

by Silas Kafui AssemSeptember 13, 2025
Trump Rebuffs Putin’s Offer To Aid Israel-Iran Conflict Mediation
Europe

Trump Poised To Sanction Russia If NATO Allies Halt Russian Oil Purchases

by Comfort AmpomaaSeptember 13, 2025
African Creatives Urged To Think Bigger Than YouTube
Entertainment

African Creatives Urged To Think Bigger Than YouTube

by Esther Korantemaa OffeiSeptember 13, 2025
Lawyer Bobbey Banson
Extractives/Energy

Serious Talks Underway to Resolve E&P–Azumah Standoff, Lawyer Confirms

by Evans Junior OwuSeptember 13, 2025
GSE Investors Smile as Market Delivers Nearly 50% Return in 2025
Securities/Markets

GSE Investors Smile as Market Delivers Nearly 50% Return in 2025

by Stephen M.CSeptember 13, 2025
Quad Nations Push For Truce In Sudan Conflict
Africa

Quad Nations Push For Truce In Sudan Conflict

by Lawrence AnkutseSeptember 13, 2025
Mahama’s Government Accused of Betraying Ghanaians’ Trust
Trump Rebuffs Putin’s Offer To Aid Israel-Iran Conflict Mediation
African Creatives Urged To Think Bigger Than YouTube
Lawyer Bobbey Banson
GSE Investors Smile as Market Delivers Nearly 50% Return in 2025
Quad Nations Push For Truce In Sudan Conflict
[/vc_row_inner]

Recent News

  • Ahiagbah Warns of ‘Supreme Leader’ Under Mahama
  • Trump Poised To Sanction Russia If NATO Allies Halt Russian Oil Purchases
  • African Creatives Urged To Think Bigger Than YouTube
  • Serious Talks Underway to Resolve E&P–Azumah Standoff, Lawyer Confirms
  • GSE Investors Smile as Market Delivers Nearly 50% Return in 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.