Press Release – Public Notice on Unauthorised Advertising of Virtual Asset and Stablecoin Products – Bank of Ghana

https://www.bog.gov.gh/news/press-release-public-notice-on-unauthorised-advertising-of-virtual-asset-and-stablecoin-products/
Success
Service Crypto-Assets 85% E-Money 65%
Specialism Enforcement - Warning 85% Advertising 78%
2026-02-23 09:36:04 · rghosh@vixio.com
ID
2895971
GUID
7288e3668dd70fbc7f95889c8d4643d4

Classification

Service
Crypto-Assets (85%)

The update concerns regulatory oversight of virtual asset and stablecoin advertising by payment-related service providers (VASPs), which falls within crypto-asset payment regulation.

E-Money (65%)

Low confidence — requires human review. While stablecoins can function as payment instruments, this notice focuses on advertising practices rather than payment-specific functionality or safeguarding.

Specialism
Enforcement - Warning (85%)

The update addresses regulatory warnings to VASPs regarding unauthorised advertising of virtual asset and stablecoin products, which constitutes formal notice highlighting non-compliance risks in financial promotions.

Advertising (78%)

The notice targets marketing and promotion rules for digital asset products offered by VASPs, though the advertising focus is secondary to the enforcement warning aspect.

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TITLE: Bank of Ghana and Securities and Exchange Commission Issue Public Notice on Unauthorised Virtual Asset and Stablecoin Advertising BODY: On February 20, 2026, the Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) issued a public notice addressing concerns regarding unauthorised advertising of virtual asset and stablecoin products in Ghana. The authorities noted with concern the increasing advertisement of virtual asset and stablecoin products by certain Virtual Asset Service Providers (VASPs), including the use of large billboards in Accra and other parts of the country. The public notice serves as a warning to VASPs and the public regarding unauthorised promotional activities for these digital asset products. The BoG and SEC have not yet published detailed enforcement actions or specific penalties associated with this notice. Market participants and VASPs operating in Ghana should review their advertising practices to ensure compliance with regulatory requirements. The notice indicates that the authorities intend to monitor and address unauthorised advertising activities going forward. Further guidance or enforcement measures may be expected from the BoG and SEC as they continue to regulate the virtual asset sector in Ghana. **Reference:** Bank of Ghana Press Release – Public Notice on Unauthorised Advertising of Virtual Asset and Stablecoin Products (February 20, 2026)
  • ✓ Scraped:2026-02-23 09:36:04
  • ✓ Created:2026-02-23 09:36:04
  • ✓ By:rghosh@vixio.com (52)