Photo of Kingsley UdofaKingsley Udofa

A New World Order in International Payment Financing: Adapting UK Monetary Legal Framework to the realities of Virtual Currency and Blockchain Technology

Email: KDUdofa1@sheffield.ac.uk

Supervisors: Dr. James Cullen, Dr. Andreas Ruhmkorf and Prof. Andrew Johnston

Biography

I earned a Bachelor of Laws (LL.B) degree in 2011 from the University of Jos, Nigeria and qualified the following year to practice as a Barrister and Solicitor of the Nigerian Supreme Court after successfully completing the Bar qualification course of the Nigerian Law School. My professional legal career commenced in 2012 with a criminal prosecutions role in the Public Prosecutions Department of Kogi State Justice Ministry. However, in 2013 I veered off criminal law to join a high-paced commercial law firm where I gained invaluable experience in commercial law and practice. My enthusiasm and interest in commercial legal practice spurred me to enrol for and earn a Master of Laws (LL.M) Degree in International Commercial Law and Practice from the University of Sheffield in 2015. I have a keen interest in ICT and its interface with commerce and trade. As a result, I have researched and critically appraised the legal framework for ICT in Nigeria and electronic money (e-money) in the United Kingdom, respectively. I particularly believe that financial technologies proffer innovative solutions to age-old commercial problems, thus, improving trade and positively impacting the socioeconomic well-being of developed and developing countries.

Scope of Research

Whilst presenting a global perspective to virtual currencies, my research focuses on framing clear and appropriate legal controls to regulate the development of FinTechs such as Blockchain technology and crypto-currencies in the UK. The policy implications of this research will be far-reaching.

Research Interests

Money
Blockchain Technology
Financial Services Regulation
Monetary Policy
Virtual and Cryptocurrencies
Banking Law
Commercial Contracts
Electronic Commerce

Teaching Responsibilities

Contemporary Issues in Law and Justice and Financial Law for Engineers to commence autumn