On July 15, according to reports from 【Block Rhythm】, Ghana's Central Bank Governor Johnson Asiama stated that Ghana is developing a gold export price hedging plan aimed at protecting the revenues generated from gold exports and avoiding the impact of future price fluctuations on the Central Bank's forex reserves.
In addition, Asiama stated that Ghana is finalizing a regulatory framework for cryptocurrency trading to bring trading platforms and other digital asset platforms under formal regulation. The regulation will allow the Central Bank of Ghana to include virtual currencies under its anti-money laundering and counter-terrorism financing rules, ensuring that digital innovation supports rather than undermines forex controls and currency stability.
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AirdropHunter9000
· 07-18 02:03
Africa is also going to impose regulations? That's tough!
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BearMarketSurvivor
· 07-15 15:55
Another government has begun to deploy a hedging strategy... Keep a close eye on the situation.
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RugPullSurvivor
· 07-15 15:55
Yo, regulation is cool, Canada wakes up laughing.
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DeepRabbitHole
· 07-15 15:53
Regulation is coming again, the country's matters are all the same.
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TrustMeBro
· 07-15 15:44
Got it, the suckers management regulations are here again.
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FlashLoanLarry
· 07-15 15:34
meh... typical CB trying to control both gold AND crypto. capital efficiency go brrrr
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probably_nothing_anon
· 07-15 15:27
Unregulated hedging, sorry, I can't hold on much longer.
Ghana's Central Bank has formulated a gold export hedging plan while advancing the regulation of Crypto Assets.
On July 15, according to reports from 【Block Rhythm】, Ghana's Central Bank Governor Johnson Asiama stated that Ghana is developing a gold export price hedging plan aimed at protecting the revenues generated from gold exports and avoiding the impact of future price fluctuations on the Central Bank's forex reserves.
In addition, Asiama stated that Ghana is finalizing a regulatory framework for cryptocurrency trading to bring trading platforms and other digital asset platforms under formal regulation. The regulation will allow the Central Bank of Ghana to include virtual currencies under its anti-money laundering and counter-terrorism financing rules, ensuring that digital innovation supports rather than undermines forex controls and currency stability.