Recently, the Bank of Ghana (BOG) announced a draft regulatory framework for the cryptocurrency industry. The aim is to protect market participants by establishing a series of regulations while combating financial crimes. This initiative seeks to promote financial inclusion and respond to the growing trend of cryptocurrency usage. The draft emphasizes registration requirements and high standards of compliance for virtual asset service providers (VASP). It explicitly prohibits commercial banks from directly engaging in virtual asset trading activities. There is an opportunity for the public to provide input prior to the final decision, to refine the regulatory measures.