Master’s in
Digital Currency

The World’s First Master’s Degree in Blockchain

• Taught by Leading Faculty and Practitioners
• 600+ Students Enrolled Since 2014
• Over €300,000 in Scholarships Annually

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MSc in Digital Currency

We are at the beginning of a global wave of demand for blockchain academic and professional education and certification. The University of Nicosia was the first to recognize this need and responded by offering the first Master of Science degree in Digital Currency, available to students worldwide through an online format since 2014.

The MSc in Digital Currency is designed to help financial services and business professionals, entrepreneurs, government officials and public administrators better understand the technical underpinnings of Cryptocurrencies and Blockchain technology, how it will likely interact with existing monetary and financial systems, and what opportunities exist for innovation in digital currency systems.

Top Reasons to Enroll

I am the first woman in the world to earn this degree and I am so proud of it. It enabled me to acquire the necessary technical expertise for carrying out my research on blockchain, governance and public policy. It has been a valuable opportunity for professional growth.

Marcella Atzori, PhD, Class of 2016, Political Analyst and Researcher, University College of London Research Centre for Blockchain Technologies

Bridging the Gap

The program seeks to fill an important gap that exists today between the supply of and demand for academic knowledge in the areas of Cryptocurrencies and Blockchain technology. More specifically, while the interest in blockchain has skyrocketed in the past few years, academic institutions have been slow to implement academic programs that cover the need for educating specialists in the area, addressing it in its entirety (technical and financial aspects alike).

An increasing number of finance, banking, computing, supply chain, SaaS, AI and IoT businesses are discovering the benefits of this technology. This new potential and the new risks it may involve have to be carefully evaluated by expert lenses, not just in one field, but through the interface of many expert tangents. In this increasingly competitive and interconnected environment, challenges abound and there are no easy solutions. The more spherical the education, the more responsible business decisions can be made, and the best vectors to maximize the advantages out of the use of this technology, can be achieved.

A UNIC Story – Bryant Joseph Gilot

Watch a video of the real story of one of our pioneering graduates from the MSc in Digital Currency.

Some of Our World Renowned Faculty

Antonis Polemitis
Antonis Polemitis
CEO, University of Nicosia
Andreas Antonopoulos
Andreas Antonopoulos
Bitcoin Entrepreneur
Jeff Bandman
Jeff Bandman
Founder, Bandman Advisors
Mark Toohey
Mark Toohey
Co-Founder, TBSx3
Adam Hayes
Adam Hayes
CEO & Co-Founder, Chainlink
Prof. George Giaglis
Prof. George Giaglis
General Director, Institute for the Future, University of Nicosia
Prof. Spyros Makridakis
Prof. Spyros Makridakis
Director, Institute for the Future, University of Nicosia
Prof. Soulla Louca
Prof. Soulla Louca
Director, Institute for the Future, University of Nicosia
Prof. Marinos Themistocleous
Prof. Marinos Themistocleous
Director, Institute for the Future, University of Nicosia
Dr. Elias Iosif
Dr. Elias Iosif
Lecturer, University of Nicosia

Degree Overview

The MSc in Digital Currency is offered online to students worldwide and the language of instruction is English. The first course in the degree pathway, DFIN-511: Introduction to Digital Currencies, is available for free as an open enrollment MOOC course to anyone interested in learning more about the fundamental principles of digital currency. This course is co-taught by Andreas Antonopoulos, who is among the most known and well-respected figures in bitcoin and Blockchain.

Qualification Duration Mode of Study Language of Instruction Minimum ECTS Credits
Master of Science in Blockchain and Digital Currency 3 semesters or 1 calendar year Distance Learning / Online English 90 (9 modules)

Degree Objectives

The Master’s degree is designed to prepare participants to become competent professionals in the field of digital currency (Cryptocurrencies) and Blockchain technology. Graduates benefit from a broad background, combining courses in Finance, Management, Computer Science, and Information Systems to provide a holistic analysis of Cryptocurrencies and Blockchain systems, applications, and services. Students get exposed to an enriching and stimulating curriculum that covers important areas of Cryptocurrencies and Blockchain technology like money and banking, international financial and currency markets, principles of disruptive innovation, regulatory frameworks, Blockchain applications, emerging topics in Blockchain, cryptography and cryptographic systems security, distributed systems architectures, and others.

Theoretical principles, state-of-the-art research, and case studies of digital currency systems and tools are mastered by students who may also select to advance their Blockchain programming skills and become highly skilled developers in digital currencies or specialize in financial/management aspects and become highly literate consultants, entrepreneurs, or financial professionals. The degree constitutes an independent and terminal study in addition to providing the basis for acceptance to, and continued studies towards, a doctoral degree.

Learning Outcomes

Upon successful completion of this program, students should be able to:

  1. Define concepts of money and money supply and associate present international financial markets and money transfer systems to digital currency alternatives.
  2. Explore theoretical principles on currencies, banking, the role of central banks, and monetary policy to determine the likely implications of digital currencies upon them.
  3. Identify and analyze challenges, prospects, and risks of Cryptocurrencies and devise business proposals and/or develop Blockchain systems and services that address them.
  4. Apply and advance practice or research on Blockchain technology, cryptography, decentralized systems architectures, and information systems to design innovative systems and services that complement and extend the existing Cryptocurrencies ecosystem.
  5. Review, analyze, and compare different regulatory environments (banking, payments, commerce, legal, accounting, etc.), debate on likely implications introduced by Cryptocurrencies, and advise on alternative proposals.
  6. Analyze best practices related to digital currencies, specify business opportunities, and apply digital currency based innovative solutions to address problems in business, finance, or the society at large.

Teaching Methodology

The program is offered through distance learning so as to be accessible to all interested students, irrespective of their geographic location. Within the distance-learning paradigm, the program deploys various teaching methods: while the majority of the courses consist of lectures delivered by the faculty course lecturer(s), in some cases it may be deemed appropriate and beneficial to host guest lecturers with academic and business background related to topics covered in courses.

Moreover, practical exercises, individual and group projects, simulations, and case study analyses, will form an integral part of the teaching methodology employed in the program.

Admission Requirements

The programme admits students throughout the academic year in periods coinciding with the start of distance learning courses (Spring and Fall).
Applications for admission to the programme will be considered only from candidates that fulfill the minimum entrance criteria as described below:

1. Bachelor’s degree

A bachelor’s degree from an accredited university.

2. Work Experience

Work Experience is a significant added qualification.

3. Proficiency in the English Language

Students satisfy the English requirements if their first degree was taught in English. Otherwise, they would need to present at least a TOEFL score of 550 paper-based or 213 computer-based, or GCSE “O” Level with “C” or IELTS with a score of 6.0 or score placement at the ENGL-100 level of the University of Nicosia Placement Test.

4. Curriculum Vitae (CV)

If you are unsure whether you meet the admissions requirements, please complete the registration form to start a discussion with an Admissions advisor.

Employment Opportunities

The program gives students the opportunity to acquire deeper knowledge and skills in the field of Cryptocurrencies and Blockchain. This is a relatively new area of practice and research that is expected to provide ample employment opportunities for program graduates in various and inter-disciplinary positions at the intersection between management, computer science, and finance.

The program is both theoretical and practical and has been designed to allow the students to choose those elective courses that will meet their future career goals. In particular, elective courses are split into two main streams: one (consisting of courses COMP-530, COMP-531, COMP532, and COMP-533) is addressing the needs of students who want to delve into the details of computer-science related aspects of Blockchain technology and Cryptocurrencies, and one (consisting of courses FIN-534, DFIN-535, and MIS-536) is addressing the needs of students wishing to gain a more in-depth understanding of financial and information systems aspects of digital currencies (FinTech). Regardless of the stream chosen by students, each lecturer will strive to create an inspiring atmosphere for the students who want to know more than just the basic facts in each of these various fields of study.

Graduates of the program should be able to:

  1. Hold managerial positions in FinTech, RegTech industries or related posts in finance, regulation, and government offices.
  2. Become senior technical developers or administrators in the ICT marketplace as it relates to Cryptocurrencies systems and Blockchain applications.
  3. Become entrepreneurs and establish their own enterprises in the field of Cryptocurrencies and Blockchain.
  4. Continue studying towards a doctoral degree.

Access to Further Studies

The program will provide the basis for acceptance to a doctoral degree in the emerging field of Cryptocurrencies and Blockchain, in areas that depend on each student’s background, chosen electives, and research interests: computer science (including cryptography, security, distributed and mobile IT systems), finance, management, innovation, and technology regulation.

Degree Outline

The program is structured into three semesters, with 30 ECTS per semester.

The first two semesters include three courses each, which are required for the completion of the program, whereas the third semester includes courses that students should choose among a wide list of elective courses. There is a thesis option (20 ECTS) and a project option (20 ECTS), for students wishing to substitute elective courses during the third semester.

Program Structure

The overall allocation of ECTS in required and elective courses is as follows:

Requirements ECTS Credits
Required Courses (1st semester) 30
Required Courses (2nd semester) 30
Elective Courses (3rd semester) 30
     Thesis option 20
     Project option 20
Total Requirements 90

Program Pathway

The complete program pathway is as follows:

Required Courses Semester Instructor ECTS
DFIN-511 Introduction to Digital Currencies 1 Andreas Antonopoulos and Antonis Polemitis 10
FIN-512 Money and Banking 1 Ifigenia Georgiou and Adam Hayes 10
DFIN-513 Open Financial Systems 1 Ifigenia Georgiou and Apostolos Kourtis 10
DFIN-522 Regulation and Digital Currencies 2 Haris Savvides and Mark Toohey 10
MGT-523 Principles of Disruptive Innovation 2 Marinos Themistocleous and George Giaglis 10
DFIN-524 Blockchain Technology and Applications 2 Klitos Christodoulou and Elias Iosif 10
Elective Courses Semester Instructor ECTS
COMP-530 Cryptographic Systems Security 3 Theodosis Mourouzis 10
COMP-541 Digital Currency Programming 3 Kostas Karasavvas and Klitos Christodoulou 10
FIN-521 International Currency Markets 3 Ioannis Menelaou 10
DFIN-535 Digital Currencies in the Developing World 3 Evi Zamani and Adam Hayes 10
FIN-534 Financial Markets and Alternative Investments 3 Ifigenia Georgiou and Ioannis Menelaou 10
MIS-536 Emerging Topics and Practical Considerations in Blockchains 3 Elias Iosif and Marinos Themistocleous 10
DFIN-591 Thesis 3 Committee 20
DFIN-592 Project 3 Committee 20

To successfully complete the program, students must complete 90 ECTS and all program requirements.

NOTES

  1. In the 3rd semester, the required electives are 30 ECTS: either three elective courses or one course plus the Project or Thesis.
  2. The courses COMP-530, COMP-541 are technical and are recommended for students with a background or expertise in Computer Science.

Faculty and Staff

The University of Nicosia has one of the largest teams in the world in academia focused on blockchain and digital currency issues. Over 35 people have been involved in the program in some capacity over the last 24 months.

Industry Fellows

Antonis Polemitis
Antonis Polemitis
CEO, University of Nicosia
Andreas Antonopoulos
Andreas Antonopoulos
Bitcoin Entrepreneur
Jeff Bandman
Jeff Bandman
Founder, Bandman Advisors
Mark Toohey
Mark Toohey
Co-Founder, TBSx3
Adam Hayes
Adam Hayes
CEO & Co-Founder, Chainlink
Ioannis Menelaou
Ioannis Menelaou
ICO Advisor, Lykke Corp
Apostolos Kourtis
Apostolos Kourtis
Associate Professor, University of East Anglia
Athanasios Leontaris
Athanasios Leontaris
Blockchain Legal Advisor
Efpraxia Zamani
Efpraxia Zamani
Associate Professor, University of Sheffield
Theodosis Mourouzis
Theodosis Mourouzis
Cryptographer, Research Fellow – UCL

Faculty

Prof. George Giaglis
Prof. George Giaglis
General Director, Institute for the Future, University of Nicosia
Prof. Spyros Makridakis
Prof. Spyros Makridakis
Director, Institute for the Future, University of Nicosia
Prof. Soulla Louca
Prof. Soulla Louca
Director, Institute for the Future, University of Nicosia
Prof. Marinos Themistocleous
Prof. Marinos Themistocleous
Director, Institute for the Future, University of Nicosia
Dr. Elias Iosif
Dr. Elias Iosif
Lecturer, University of Nicosia