Ghana Central Bank Bans Unauthorized Crypto Wallet Services
- Regulatory Strengthening: The Bank of Ghana has directed all banks and payment service providers to immediately cease supporting unauthorized foreign-currency digital wallet services, aiming to reassert control over the interaction between digital asset services and the formal banking system, ensuring compliance and consumer protection.
- Compliance Review Pressure: Affected financial institutions must promptly audit existing partnerships and terminate settlement flows with unauthorized crypto platforms, significantly increasing the compliance burden, especially in rapidly expanding African markets where compliance teams face immense pressure.
- User Access Restrictions: Ghanaian users relying on bank-linked channels for funding or withdrawing from crypto platform wallets may lose convenient fiat access points, which does not entirely block all forms of crypto activity but limits the most accessible on-ramps through the formal banking system.
- Future Regulatory Outlook: This directive signals Ghana's tightening enforcement at the intersection of crypto platforms and regulated payment infrastructure, with potential development of a formal licensing framework to allow compliant operators back into the banking system.
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Technical Analysis for ORDER
Technical Sentiment Analysis for Orderly Network (ORDER). As of , Orderly Network (ORDER) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ORDER stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ORDER is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Orderly Network (ORDER) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0321 | 0.0345 | 0.0371 | 0.0395 | 0.042 | 0.0444 | 0.047 |
| Fibonacci | 0.0345 | 0.0364 | 0.0376 | 0.0395 | 0.0414 | 0.0426 | 0.0444 |
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