Cryptocurrency Vs Nigerian Capital Market
Journal: Contemporary Journal of Social Science and Humanities (Vol.1, No. 1)Publication Date: 2020-11-30
Authors : Hazzan Ayatullah Opeyemi;
Page : 32-36
Keywords : Cryptocurrency; Nigerian Capital Market; Bitcoin; Financial market;
Abstract
The use of cryptocurrency as a currency for trade has been a long-debated issue over the years and as such, many countries around the world have always tried to ban it. In some nations like Morocco and Bolivia, trading Bitcoins attracts a hefty fine or jail term. In Nigeria, Bitcoin's legal status is largely ambiguous. However, there have been deliberations as to making bitcoin a legal tender in Nigeria. Furthermore, there has been a lot of debate concerning the Stock market and Crypto Market in terms of similarities and differences. Many argue that the crypto and stock markets vary in prospects and are vastly different in many aspects while some others argue otherwise. Therefore, this paper aims to explore the differences and prospects these markets have in the Nigerian financial structure.
Other Latest Articles
- The Effectiveness of Corporate Governance on the Organizational Profitability of a Firm: Case Study of Green Chemicals, Edo State
- Development of a Hibernation Scheme for Reducing Energy Consumption in a Communication Base Station
- Physicochemical and Bacteriological Evaluation of Ogbete Market Enugu Abattoir Effluents and the Receiving Water Bodies
- Study of Physico- Chemical Parameters of Sugar Industry Effluent
Last modified: 2022-08-25 18:36:24