CDABI Ghana Chapter welcomes SEC regulatory sandbox licensing guidelines

By Edward Dankwah

Accra, March 12, GNA – The Chamber of Digital Assets and Blockchain Innovations (CDABI) Ghana Chapter has welcomed the publication of the Securities Industry (Regulatory Sandbox Licensing) Guidelines 2026 by the Securities and Exchange Commission (Ghana), describing it as a landmark development for the country’s virtual asset and digital finance ecosystem.

In a statement, the Chamber said the Guidelines represented a decisive and well-considered step towards providing a structured, risk-proportionate pathway for innovative capital market products and services to be tested and developed within a supervised regulatory environment.

It said it was particularly encouraged by several features of the Guidelines.

According to the Chamber, the introduction of a dedicated Virtual Asset Sandbox Track, anchored to the Virtual Asset Service Providers (VASP) Act, 2025 (Act 1154), reflected a maturing regulatory architecture that recognised the distinct characteristics, risks and opportunities presented by virtual assets.

The statement noted that the alignment between the SEC’s sandbox framework and the broader VASP regulatory regime would help build investor confidence and attract responsible innovation to Ghana.
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It added that the inclusion of strong consumer protection provisions, binding key performance indicator (KPI) and risk disclosure obligations, and a 30 per cent local participation threshold for foreign Virtual Asset Service Providers demonstrated that the Commission had designed the framework with both investor protection and national economic interests in mind.

The Chamber also commended the Commission for the transparency and thoroughness of the application and approval architecture, including the phased process outlined in Annex C and the comprehensive documentation requirements that set clear expectations for prospective applicants.

The statement said as a leading industry membership and self-regulatory organisation within Ghana’s virtual asset and digital finance sector, CDABI worked closely with the Bank of Ghana, the SEC and the Virtual Assets Regulatory Office to support a well-regulated, transparent and inclusive digital asset market.

The Chamber reaffirmed its commitment to supporting the effective implementation of the framework.

“We stand ready to assist our member firms and the broader industry in understanding and navigating the sandbox application process, and to continue working constructively with the SEC and other regulatory authorities towards a well-regulated, competitive and inclusive digital asset market in Ghana,” the statement said.

It encouraged all eligible firms, including established capital market operators, FinTech companies and Virtual Asset Service Providers, to engage seriously with the Guidelines and contact CDABI for guidance and support.

GNA

Edited by Audrey Dekalu