Ghana Legalizes Cryptocurrency Trading, Establishes Regulatory Framework
- Legal Framework Established: Ghana officially legalized cryptocurrency trading by passing the Virtual Asset Service Providers bill between December 19 and 22, creating a national legal framework for digital asset activities and ending years of legal ambiguity, which promotes compliance in cryptocurrency trading.
- Regulatory Oversight Division: The new legislation divides oversight of the cryptocurrency sector between the Bank of Ghana and the Securities and Exchange Commission, ensuring licensing, supervision, and regulation of Virtual Asset Service Providers, thereby enhancing market transparency and consumer protection.
- Compliance Standards Mandated: Licensed firms are required to adhere to compliance standards related to reporting, consumer protection, and risk controls, aimed at mitigating risks such as fraud, money laundering, and terrorism financing, which will bolster market trust.
- Future Development Plans: Ghana plans to explore asset-backed digital settlement tools, including gold-backed stablecoins, by 2026, leveraging the country's gold reserves to advance blockchain-based payments and cross-border settlement infrastructure.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI 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 stock.
Support, Resistance & Moving Averages From a structural perspective, AI 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 $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00934 | 0.0149 | 0.02 | 0.0256 | 0.0307 | 0.0363 | 0.0414 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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