The Bank of Ghana and the Securities and Exchange Commission have issued a warning to Virtual Asset Service Providers.
These service providers are asked to stop advertising virtual assets and stable coins.
Authorities observed an increase in advertisements for these products. This included large billboards in Accra and other parts of the country.
Named officials stated that such promotions are a cause for concern. They are monitoring the situation closely.
This action is part of efforts to regulate the financial sector. It aims to protect the public from unregulated financial products.
The institutions highlighted the need for compliance with existing laws. Consumers are advised to be cautious when dealing with virtual assets.