Regulation of cryptocurrency in Nigeria - challenges and policy implications Department:Public Administration By: sifypatprojects Project ID: 9216 Rating: (5.0) votes: 1 Price:₦3000 Get the Complete MaterialAbstractThe rapid emergence of cryptocurrency has introduced significant disruptions to financial systems globally, presenting both opportunities and regulatory challenges for governments. In Nigeria, the increasing adoption of digital currencies such as Bitcoin and other decentralized financial instruments has raised concerns regarding financial stability, consumer protection, illicit financial flows, and the effectiveness of existing regulatory frameworks. This study examines the regulation of cryptocurrency in Nigeria, focusing on the key challenges faced by policymakers and the broader implications for public administration and economic governance. The research adopts a qualitative approach, utilizing secondary data from policy documents, regulatory guidelines, academic literature, and reports from financial institutions. It critically analyzes the roles of regulatory bodies such as the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) in shaping the country’s cryptocurrency landscape. The study identifies major challenges, including regulatory uncertainty, lack of comprehensive legal frameworks, technological complexity, enforcement limitations, and resistance from stakeholders within the digital economy. Findings reveal that Nigeria’s current regulatory stance, characterized by restrictions on financial institutions facilitating cryptocurrency transactions, has not eliminated usage but rather driven activities into informal and peer-to-peer markets, thereby complicating oversight and increasing systemic risks. The study further highlights the tension between fostering financial innovation and ensuring adequate control measures....Preview Download Preview +Other Public Administration project topics and materials you might be interested in»Impact of industrial conflict on the performance of workers in the government parastatal (a case study of Nigeria National Petroleum Corporation (NNPC)»Human resources as a catalyst for economic growth and development in Nigeria (a case study of Abuja municipal area council) »The influence of effective personnel management practice in organization performance»Local government financial autonomy and grass root development in Nigeria (a case study of Afikpo north local government area)»Effects of delayed payment of lecturers salaries and wages on students performance»Manpower training and development as a tool for effective performance in public sector in Nigeria»The impact of poor revenue generation on the development of Local Government Areas»Enhancing political stability in Nigeria through good governance ( a case study of Abia state)»Fuel subsidy removal and the Nigerian economy (a case study of Abakiliki local government area, Ebonyi state) »Niger-Delta crisis and its impact on socio-economic development in Nigeria»Accountability and corruption in local government in Nigeria (Case study of Bonny local government area of Rivers state)»Political instability a major hindrance to effective policy implementation and good governance (a case study of Nigeria 1983 -1999)»Bureaucracy and efficiency (a case study of Enugu state civil service)»Impact of collective bargaining techniques on industrial relations practice (a case study of two selected firms from NUPENG and NUBIFE)»The level of implementation of the pension act in federal polytechnic: (a study of Akanu Ibiam federal polytechnic, Unwana Afikpo Ebonyi state)