Mybitstore Participates in High-Level Engagement Between CDABI and the SEC, Ghana

Landmark Dialogue Signals Strengthening Regulatory–Industry Collaboration in Ghana’s Digital Asset Ecosystem

Ghana's biggest crypto exchange, Mybitstore, participated in a high-level courtesy visit by the Chamber of Digital Assets and Blockchain Innovation (CDABI) to the Securities and Exchange Commission (SEC), Ghana. The engagement, held at the SEC headquarters in Accra, marked a significant step toward deeper regulatory and industry collaboration within Ghana’s evolving digital asset ecosystem.

Mybitstore was represented at the meeting by Benjamin Anderson, Chief Executive Officer, and Ernest Pappoe, Communications Lead, reaffirming the company’s commitment to structured regulatory dialogue, compliance, and responsible innovation in Ghana’s virtual asset space.

The Chamber delegation, led by its President, Caleb Kwaku Afaglo, was received by the Deputy Director-General of the SEC, Mr. Mensah Thompson, alongside senior officials of the Commission. The discussions were strategic, forward-looking, and aligned with Ghana’s emerging regulatory framework for digital assets.

Strengthening Regulatory–Industry Collaboration

At the heart of the engagement was a shared commitment to building a transparent, compliant, and innovation-driven digital asset ecosystem in Ghana. Mybitstore joined other industry stakeholders in supporting the Chamber’s objective of serving as a structured interface between regulators and market participants.

As an active crypto platform operating within Ghana, Mybitstore emphasized the importance of clear regulatory guidance to promote investor protection, market integrity, and sustainable innovation. The presence of its leadership underscored the company’s readiness to collaborate constructively with regulators as the virtual asset framework continues to take shape.

During the meeting, the Chamber formally invited the SEC to participate in its upcoming national symposium on virtual assets and financial services. The symposium aims to convene regulators, financial institutions, compliance professionals, technology providers, and ecosystem participants to deepen discussions on compliance standards, investor education, AML and CFT obligations, and responsible innovation.

AML Officer Training and Ecosystem Capacity Development

A key highlight of the meeting was the Chamber’s AML Officer Training and Awareness Programme, developed in partnership with the Ghana Institute of Management and Public Administration. The initiative is designed to strengthen professional competence within the digital asset and broader financial services ecosystem.

The program focuses on equipping compliance officers and industry practitioners with advanced knowledge in:

• Anti Money Laundering and Counter Terrorist Financing compliance
• Blockchain transaction monitoring and analytics
• Digital asset risk assessment methodologies
• Governance, reporting, and supervisory engagement

The SEC acknowledged the importance of structured certification pathways that align with regulatory expectations. Strengthening compliance capacity across the ecosystem enhances supervisory effectiveness and reinforces trust in Ghana’s financial markets.

SEC Reaffirms Commitment to Public Education and Collaboration

Director General of the SEC, Honourable James Klutse Avedzi, emphasized the importance of collaboration between regulators and industry bodies in demystifying the digital asset space for the public.

He stated that “The SEC is willing to work with CDABI to help all Ghanaians understand how the virtual asset space works. Education and transparency are critical to ensuring investor protection while supporting innovation.”

His remarks reflect a regulatory approach that balances oversight with openness to structured engagement.

Deputy Director General Mr. Mensah Thompson also highlighted the broader implications of virtual assets for Ghana’s financial ecosystem. He noted that virtual assets have the potential to expand investment opportunities and deepen capital markets.

According to Mr. Thompson, “Virtual assets will open up our financial space and provide more options for fund managers to invest, diversify portfolios, and engage with emerging financial technologies within a regulated framework.”

These statements signal a growing recognition of digital assets as a legitimate component of Ghana’s financial future when properly regulated.

Regulation and Ethical Responsibility as a Shared Obligation

The meeting concluded with a shared understanding that regulation and ethical responsibility are collective obligations. Sustainable growth in the digital asset sector requires collaboration between regulators, platforms, industry associations, and market participants.

For Mybitstore, participation in this engagement reflects its commitment to operating transparently and aligning with Ghana’s regulatory direction. By actively engaging in structured dialogue, the company continues to support the development of a compliant and trusted virtual asset ecosystem.

Looking Ahead

The courtesy visit represents a meaningful milestone in Ghana’s digital asset journey. As regulatory frameworks continue to evolve, collaborative engagements such as this will play a critical role in shaping a responsible and innovative financial future.

Mybitstore remains committed to contributing to policy dialogue, advancing compliance standards, and supporting education efforts that empower Ghanaians to navigate the virtual asset space with confidence.

As Ghana positions itself within the regulated global digital asset ecosystem, partnerships between regulators and industry leaders will remain essential in ensuring that innovation advances within a framework of accountability, transparency, and institutional trust.