ASSESSING THE EFFECT OF CRYPTOCURRENCY BAN POLICY ON INVESTORS IN NIGERIA
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This study was carried out on the assessment of the effect of cryptocurrency ban policy on investors in Nigeria using investors in Lagos state as case study. To achieve this, 2 research questions were formulated. The survey design was adopted and the simple random sampling techniques were employed in this study. In determining the sample size, the researcher purposively selected 65 respondents while 50 respondents were validated. Self-constructed and validated questionnaire was used for data collection. The collected and validated questionnaires were analyzed using frequency tables and percentage. While the hypothesis were tested using Chi-square statistical too. SPSS v23.
The result of the findings reveals that; CBN Crypto ban policy affect the finance of crypto investors in Nigeria; CBN Crypto ban policy discouraged crypto investors in Nigeria and Cryptocurrency ban policy does have a negative effect on Crypto investors in Nigeria.
Based on the findings, the researcher recommended that having known the huge economic impact made by the availability and trade of cryptocurrencies in Nigeria and the world at large, it seems not right to impose a ban on it due to the economic implications. Therefore, the CBN should lift the ban and build a strict regulations on the use and trading of Cryptos in Nigeria, by this means, many Nigerian investors both the huge and small will bounce back to their financial position and so many others who has been jobless will successfully secure a source of income. This will in turn reduce the pressure of Unemployment in Nigeria.
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