{"id":461029,"date":"2018-02-03T04:51:33","date_gmt":"2018-02-03T04:51:33","guid":{"rendered":"https:\/\/ghana-mma.com\/2018\/02\/03\/local-cryptocurrency-operators-seek-bog-intervention\/"},"modified":"2018-02-03T04:51:33","modified_gmt":"2018-02-03T04:51:33","slug":"local-cryptocurrency-operators-seek-bog-intervention","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2018\/02\/03\/local-cryptocurrency-operators-seek-bog-intervention\/","title":{"rendered":"Local cryptocurrency operators seek BoG intervention"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">Business News of Saturday,  3 February 2018<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>citibusinessnews.com<\/p>\n<p>2018-02-03<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2018\/02\/69898430.jpg\" alt=\"Finchcoin Crypto\" title=\"Finchcoin Crypto\" width=\"237\" height=\"213\" \/><span class=\"image_caption\"><span>Finchcoin Ghana limited is a wholly owned Ghanaian entity<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n<p>\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=151125817929577\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=151125817929577\"><\/p>\n<p>\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2018\/02\/1517633493_85_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\"> Operators of digital currencies in Ghana have impressed upon the Bank of Ghana to expedite processes of completing new regulations on electronic financial payments to legalise their operations.<\/p>\n<p>They argue that the impact of digital currencies across the globe should warrant its operation in Ghana.<\/p>\n<p>The Bank of Ghana has cautioned the public against transacting any business in digital currencies such as Bitcoin as such operations are not licensed.<\/p>\n<p>However the Director of Business Development at FinchCoin Ghana Limited, William Asamoah Junior tells Citi Business News the regulation should sanitise the use of the digital currencies.<\/p>\n<p>\u201cIt is a product with a financial platform. At the end of the day you will pay money to buy the product so it is definitely BoG that has to regulate it and to a certain extent SEC may also come in\u201d he said.<\/p>\n<p>He added that \u201cWhat BoG has to do is to educate itself very quickly and understand the benefits of this program and make sure it sees how best Ghana can benefit from the advantages of cryptocurrency\u201d.<\/p>\n<p>\u201cAt the moment we have about 1,500 cryptocurrencies globally and these have a market capitalization in the excess of 70billion dollars\u201d he noted.<\/p>\n<p>He spoke to Citi Business News at the official launch of the company\u2019s commencement to trade digital currencies in Accra.<\/p>\n<p><b>About Finchcoin<\/b><\/p>\n<p>Finchcoin Ghana limited is a wholly owned Ghanaian entity.<\/p>\n<p>Its activities are based on a new innovative and classic technology called the Blockchain.<\/p>\n<p>Operators of Finchcoin hope to expand its activities to cover the value chain of cryptocurrencies including a crypto bank, crypto bond, crypto exchange, and crypto mining, among others.<\/p>\n<p><!-- uploaded by: 63 updated by: -1 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Saturday, 3 February 2018 Source: citibusinessnews.com 2018-02-03 Finchcoin Ghana limited is a wholly owned Ghanaian entity Operators of digital currencies in Ghana have impressed upon the Bank of Ghana to expedite processes of completing new regulations on electronic financial payments to legalise their operations. They argue that the impact of digital currencies [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":461030,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-461029","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts\/461029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/comments?post=461029"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/posts\/461029\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/media?parent=461029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/categories?post=461029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2018\/wp-json\/wp\/v2\/tags?post=461029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}