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WhiteBIT Expands into Africa – Joins Ghana’s Crypto Regulatory Sandbox

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WhiteBIT Expands into Africa - Joins Ghana’s Crypto Regulatory Sandbox

[PRESS RELEASE – Vilnius, Lithuania, March 16th, 2026]

WhiteBIT, the largest European exchange by traffic, has announced its selection as one of 11 companies invited to participate in Ghana’s pioneering crypto regulatory sandbox. The sandbox, launched by the Ghana Securities and Exchange Commission in collaboration with the Bank of Ghana, is designed to test and refine regulated digital asset trading in a controlled environment.

WhiteBIT’s inclusion in the sandbox marks a major milestone in the company’s strategic expansion into the African market. As crypto adoption accelerates across the continent, WhiteBIT’s regulated platform and compliance expertise position it to play a central role in helping shape the next generation of digital finance infrastructure.

“WhiteBIT’s mission has always been to deliver secure, compliant, and accessible crypto services,” said Volodymyr Nosov, Founder and President of W Group, which WhiteBIT is a part of. “Being selected for Ghana’s regulatory sandbox not only underscores our commitment to responsible market expansion but also reflects our confidence in Africa’s potential to lead in digital finance.”

The sandbox initiative invites selected licensed firms to operate under regulatory supervision while sharing insights and data that will inform future licensing frameworks for virtual asset service providers (VASPs). The pilot aims to ensure that crypto trading and related services evolve in a manner that protects consumers, enhances transparency, and fosters financial innovation.

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A Fast‑Growing Crypto Market

Ghana has emerged as one of Africa’s most dynamic markets for digital asset adoption. According to Chainalysis, Ghana ranks among the top five crypto adoption hubs in Africa, alongside Nigeria, Kenya, and South Africa. More broadly, Africa is currently the third-largest region globally in crypto adoption, following the Asia-Pacific (APAC) and Latin America markets.

According to the central bank, 3 million Ghanaians — approximately 17 % of the adult population — actively use cryptocurrencies, including Bitcoin and stablecoins, for trading, payments, and remittances.

In December 2025, Ghana’s parliament approved the Virtual Asset Service Providers Bill, which legalizes cryptocurrency trading under clear licensing and compliance standards, further creating a solid basis for institutional participation.

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Opportunity for Responsible Innovation

Ghana’s regulated sandbox initiative and passage of comprehensive crypto laws signal a strategic shift toward integrating digital assets into the country’s broader financial ecosystem. For WhiteBIT, participation in this program offers a unique opportunity to collaborate with regulators, technologists, and local partners to refine best practices that could extend well beyond Ghana’s borders.

“As Africa’s crypto landscape continues to evolve, WhiteBIT is committed to bringing compliant, secure, and innovative solutions to markets that are ready for next‑generation financial services,” Nosov added.

About WhiteBIT

WhiteBIT is the largest European cryptocurrency exchange by traffic, offering over 900 trading pairs, 350+ assets, and supporting 8 fiat currencies. Founded in 2018, the platform is a part of W Group which serves more than 35 million customers globally. WhiteBIT collaborates with Visa, FACEIT, FC Juventus and the Ukrainian national football team. The company is dedicated to driving the widespread adoption of blockchain technology worldwide.

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Crypto World

China’s Tax Authority Urges Bank Blockchain Implementations for Lending

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China's Tax Authority Urges Bank Blockchain Implementations for Lending

China’s tax and financial regulators on Monday urged banks and local authorities to use blockchain and privacy computing to upgrade the “bank-tax interaction” model and expand financing for small businesses.

The State Administration of Taxation and National Financial Regulatory Administration said in a joint policy notice that banks and taxpayers should standardize data sharing and reduce information asymmetry between tax authorities, banks and enterprises.

The report also urged banks to improve credit models, enhance credit approval efficiency and increase the supply of financing services to “honest, tax-paying enterprises.”

The directive aligns with China’s broader effort to integrate blockchain into data infrastructure, following a National Development and Reform Commission roadmap released in January 2025 targeting nationwide implementation by 2029.

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Shen Zhulin, the deputy director of the National Data Administration, said in a January 2025 press conference that China expects blockchain-based data infrastructure to attract 400 billion yuan (about $58 billion) in yearly investments.

A machine translation of a joint notice from Chinese regulators. Source: Shanghai Municipal Tax Service

Chinese regulators outline data infrastructure push with 400 billion yuan target

While China has issued strict controls on cryptocurrencies and speculative digital asset trading, it also pushed for the incorporation of blockchain initiatives in finance and data infrastructure.

In October 2019, Chinese President Xi Jinping highlighted the technology as an important “breakthrough” for independent innovation of core technologies, urging the acceleration of the development of blockchain-based applications and their integration in the real-world economy.

Related: Trump: US has to ‘make it so that China doesn’t get the hold‘ of crypto

In April 2021, the Shenzhen Tax Bureau expanded the country’s first blockchain electronic invoice system.

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However, in September that same year, China issued a nation-wide ban on crypto transactions and mining as part of a wider crackdown across multiple government agencies.

Top Bitcoin mining countries by hashrate. Source: Compass Mining

Despite the ban, China is still cited as the third-largest Bitcoin (BTC) mining country. In January 2026, it accounted for 11.7% of the global hashrate, according to data from Compass Mining.

Magazine: China’s ‘50x’ blockchain boost, Alibaba-linked AI mines Bitcoin: Asia Express