ISSN 1119-4618
 

Review Article 
JPAS. 2022; 22(2): 356-366


An overview on the risk associated with cryptocurrency and its applications

Ameena Ahmed Almakura, samaila musa.

Abstract
The global economic system is amazingly complicated. At its fabric, this superficially complex system disintegrates into a set of few rules that sum up how humans trade their notions of value. The internet has changed the entire game for age-old systems, so it is no surprise that it has caused immense disruption to the financial system too. It doesn’t seem like technology is going to stop its disruption to financial systems anytime soon. Blockchain eliminates the traditional role of a middleman which is required in financial institutions like banks that are supervised by authorities. An important feature of blockchain is that it is public; everyone can see it because it acts as a public ledger which is updated after every transaction. Every transaction becomes a block which is then checked by others’ computer and approved. This paper examines cryptocurrency adoption factors, the challenges, the risk associated with it, Cryptocurrency Anti-Money Laundering Red Flags and the Nigeria economy.

Key words: Blockchain, transaction, cryptocurrency, Nigeria economy and internet


 
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Pubmed Style

Almakura AA, musa s, . An overview on the risk associated with cryptocurrency and its applications. JPAS. 2022; 22(2): 356-366.


Web Style

Almakura AA, musa s, . An overview on the risk associated with cryptocurrency and its applications. https://www.atbuscienceforum.com/?mno=137327 [Access: May 14, 2022].


AMA (American Medical Association) Style

Almakura AA, musa s, . An overview on the risk associated with cryptocurrency and its applications. JPAS. 2022; 22(2): 356-366.



Vancouver/ICMJE Style

Almakura AA, musa s, . An overview on the risk associated with cryptocurrency and its applications. JPAS. (2022), [cited May 14, 2022]; 22(2): 356-366.



Harvard Style

Almakura, A. A., musa, s. & (2022) An overview on the risk associated with cryptocurrency and its applications. JPAS, 22 (2), 356-366.



Turabian Style

Almakura, Ameena Ahmed, samaila musa, and . 2022. An overview on the risk associated with cryptocurrency and its applications. Science Forum (Journal of Pure and Applied Sciences), 22 (2), 356-366.



Chicago Style

Almakura, Ameena Ahmed, samaila musa, and . "An overview on the risk associated with cryptocurrency and its applications." Science Forum (Journal of Pure and Applied Sciences) 22 (2022), 356-366.



MLA (The Modern Language Association) Style

Almakura, Ameena Ahmed, samaila musa, and . "An overview on the risk associated with cryptocurrency and its applications." Science Forum (Journal of Pure and Applied Sciences) 22.2 (2022), 356-366. Print.



APA (American Psychological Association) Style

Almakura, A. A., musa, s. & (2022) An overview on the risk associated with cryptocurrency and its applications. Science Forum (Journal of Pure and Applied Sciences), 22 (2), 356-366.