Cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. It has been speculated to be speculative, anonymous & untraceable 

According to Quartz Africa, in the last five years, Nigeria has traded 60,215 bitcoins valued at more than $566 million which, apart from the US, is the largest volume worldwide on Paxful, a leading peer-to-peer bitcoin marketplace. Between January and September, Paxful reported a 137% increase in new registrations in Nigeria 

Recently, a regulatory directive was placed on cryptocurrency transaction in Nigeria. Following the directive, a press statement was circulated & it explained the reason for the directive stating that the existence of cryptocurrency possessed an unprecedented price volatility through a conglomeration of desperate, disparate and unregulated actors have threatened many sophisticated financial systems. Therefore, the regulatory directive was given to protect Nigeria’s financial system.  

This webinar aims to explore the opportunities, threats, regulations, functionality and solutions to cryptocurrency and issues surrounding it. We will be initiating and maintaining Innovative ideas, financial safety and examining the current landscape of cryptocurrency in Nigeria.