The deputy director-general of SEC has said that the commission is putting measures in place to finally declare its position on cryptocurrency.
He said the country is still against cryptocurrency trading.
He said few experts will be contacted to dialogue with SEC to come up with a policy position that will then inform how to tackle the issue.
The Security and Exchanges commission will in the next few weeks outdoor its policy position on trading in cryptocurrency which will indicate the way forward for trading in the blockchain.
This will be after proposals from key industry experts through engagements, with advice from the Bank of Ghana as well.
Speaking with Joy business closely monitored by GhanaWeb, the deputy director- general of SEC Paul Ababio noted that, the commission will state its final position on cryptocurrency trading after the dialogue.
“In assessing Ghana’s position on how we deal with some of these products, we want to form an engagement platform where we will invite a few stakeholders, i will say those who are already in the industry and then a few experts to dialogue with us and come up with a policy position that will then inform how we tackle these things. Because these are cross-border transactions, we will obviously rely on the Bank of Ghana as well for consultation and in the next few weeks we will come out with a policy position around that”, he said.
However, the capital market regulator has warned that cryptocurrency transactions are still illegal and the country and has advised the public to stay away from them.
Source: www.ghanaweb.com
