International records / OpenAlex research

Cryptocurrency Regulation and Financial Crime in Nigeria

The rapid expansion of cryptocurrency in Nigeria has generated significant opportunities for financial innovation, digital entrepreneurship, financial inclusion and alternative forms of value transfer. At the same time, the pseudonymous, decentralised and transnational characteristics of cryptocurrency transactions have created new challenges for the prevention and control of financial crime. This article examines the relationship between cryptocurrency regulation and financial crime in Nigeria, with particular attention to money laundering, fraud, terrorist financing, tax evasion and illicit …