Re-imagining Blockchain Technology in the Fight Against Money Laundering

Blockchain is said to have the ability to significantly change our current economy and society since it will serve as the foundation of the "Internet of Value" in the future.

Blockchain is said to have the ability to significantly change our current economy and society since it will serve as the foundation of the "Internet of Value" in the future.

It only serves as a framework for the observance of this fundamental right, as the word ‘privacy’ is not explicitly defined in the CFRN. It guarantees the protection of citizens, homes, correspondence and telecommunications.

While the advancement of Artificial Intelligence has made life easier and has contributed to solving societal challenges (access to better health care, transportation, education), it, however, poses a threat to the existing legal order.

ICT has a big impact on how conflicts are currently conducted, including enemy detection, weapon programming, monitoring, etc. Technology improvements have led to the emergence of new types of warfare, including cyber-attacks, armed drones, and robotics, which present significant humanitarian and legal issues.

Cyberattack refers to an attempt to compromise and steal confidential data, or destroy a computer system/network. They include malware, phishing, and DoS/DDoS (denial-of-service/distributed denial-of-service) attacks.

Oftentimes, legal advisory services are seen as unnecessary by start-up founders at the beginning of the companies due to a variety of reasons such as cost and the lack of time to find a good lawyer. However, founders are advised to engage the services of a good lawyer for their legal needs

The unfolding of the Metaverse will see the emergence of certain legal issues bordering on intellectual property rights infringement, data and privacy risks, cyber-crime and security, social media regulations and many more.

The proposed code of practice is essentially aimed at defining guidelines for interactions in the digital space, and further protecting the digital rights of all citizens of the Federal Republic of Nigeria, and by extension, foreigners that are domiciled in Nigeria.

Electronic banking plays a very vital role due to the fact that it’s the cheapest way of providing banking services. Using various electronic banking channels, there is a swift movement of funds domestically and internationally.