13/05/2025
Digital currency regulation in Africa (1): Learning from Nigeria?s Crypto Securities Act
By David King BOISON (Dr) amp; Raphael Nyarkotey OBU(Prof) Over the past decade, cryptocurrencies have transformed from niche curiosities into cornerstone assets of the global financial system. In April 2025, total cryptocurrency market capitalization had surged to approximately US$2.86 trillion, underscoring the asset class?s systemic importance (CoinGecko, 2025). Bitcoin alone represented roughly US$1.69 trillion of this figure (CoinMarketCap, 2025), while an ever?expanding universe of over 37 million tokenized instruments illustrates the pace of innovation (Tangem Blog, 2025). This maturation is perhaps most visible in the US$50 billion amassed by BlackRock?s iShares Bitcoin Trust (IBIT)...
