The paper "Enhancing Consumer Protection in Cryptocurrency Transactions: Legal Strategies and Policy Recommendations" by Ngozi Samuel Uzougbu, Chinonso Gladys Ikegwu, and Adefolake Olachi Adewusi explores the challenges and strategies for protecting consumers in the cryptocurrency market. The authors highlight the decentralized and opaque nature of cryptocurrencies, which makes it difficult to enforce consumer protection laws. Key issues include fraud, hacking, and market manipulation, exacerbated by the lack of regulatory oversight and the pseudonymous nature of transactions. The paper reviews national and international legal frameworks aimed at safeguarding consumers, such as anti-money laundering (AML) and know-your-customer (KYC) regulations. It also discusses the role of organizations like the Financial Action Task Force (FATF) in issuing guidelines to combat money laundering and terrorist financing in the cryptocurrency sector. However, the effectiveness of these measures is limited by the global nature of the market and the difficulty in enforcing regulations across borders. To address these challenges, the authors propose several recommendations, including increased collaboration between regulators and industry stakeholders, the development of international standards for consumer protection, and the establishment of a regulatory framework that balances innovation with investor protection. They also emphasize the importance of consumer education and awareness campaigns to help individuals make informed decisions when engaging in cryptocurrency transactions. The paper concludes that enhancing consumer protection in cryptocurrency transactions requires a multifaceted approach, addressing regulatory gaps, promoting international cooperation, and empowering consumers through education and awareness. By implementing these recommendations, policymakers and industry stakeholders can work together to create a safer and more transparent cryptocurrency market.The paper "Enhancing Consumer Protection in Cryptocurrency Transactions: Legal Strategies and Policy Recommendations" by Ngozi Samuel Uzougbu, Chinonso Gladys Ikegwu, and Adefolake Olachi Adewusi explores the challenges and strategies for protecting consumers in the cryptocurrency market. The authors highlight the decentralized and opaque nature of cryptocurrencies, which makes it difficult to enforce consumer protection laws. Key issues include fraud, hacking, and market manipulation, exacerbated by the lack of regulatory oversight and the pseudonymous nature of transactions. The paper reviews national and international legal frameworks aimed at safeguarding consumers, such as anti-money laundering (AML) and know-your-customer (KYC) regulations. It also discusses the role of organizations like the Financial Action Task Force (FATF) in issuing guidelines to combat money laundering and terrorist financing in the cryptocurrency sector. However, the effectiveness of these measures is limited by the global nature of the market and the difficulty in enforcing regulations across borders. To address these challenges, the authors propose several recommendations, including increased collaboration between regulators and industry stakeholders, the development of international standards for consumer protection, and the establishment of a regulatory framework that balances innovation with investor protection. They also emphasize the importance of consumer education and awareness campaigns to help individuals make informed decisions when engaging in cryptocurrency transactions. The paper concludes that enhancing consumer protection in cryptocurrency transactions requires a multifaceted approach, addressing regulatory gaps, promoting international cooperation, and empowering consumers through education and awareness. By implementing these recommendations, policymakers and industry stakeholders can work together to create a safer and more transparent cryptocurrency market.