Ghana's VASP sandbox goes live: Africoin admitted as first participant

SEC Ghana admitted Africoin, a Kigali-headquartered, Ethereum-based platform tokenizing cocoa, coffee, gold, silver and verified carbon credits, to its Virtual Asset Sandbox under Act 1154. It is the first documented sandbox participant, which matters more than the participant itself: Ghana's regulatory pathway is now operational rather than theoretical, and its 12-month sandbox term with a mid-term review at six months is a faster route to licensing than anything currently available in Kenya or Nigeria. Africoin says it is pursuing parallel approvals in several African countries, an early sighting of the multi-jurisdiction tokenization play the continent's new VASP laws will now have to accommodate.