Frequently Asked Questions

//Frequently Asked Questions

The University of Nicosia believes that decentralized digital currencies like bitcoin (also known as cryptocurrencies) represent a fundamental theoretical breakthrough in computer science that will have significant practical applications in the fields of finance, law, business, government, development and entrepreneurship.

As such, no existing degree program fully captured the interdisciplinary nature of decentralized digital currencies and their practical applications.  The University believes that combining knowledge from the fields of economics, banking, finance and law along with the new opportunities enabled by decentralized digital currencies will be a very fruitful area for research and teaching for the next 10 to 20 years.

Most students will complete the program in 13 to 18 months, depending on the electives that they select.

The total cost for the programme is 11,760 Euros. There is a 5% discount for students paying with Bitcoins. The University of Nicosia also offers scholarships annually to qualified students who have been accepted to the MSc in Digital Currency.

The program is offered online to students from all over the world (in English).

The program includes two cohorts for 2016. Start dates with the initial offering of the MOOC which is the first course in the academic program:

1st cohort – February 15
2nd cohort – September 5

The minimum admission requirements for the programme are:

  • Bachelor’s degree from an accredited university (Upper-Second or a GPA of 3.0 or higher).
  • Work Experience is a significant added qualification.
  • 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.

If students are unsure if they meet the admissions requirements, they should complete the inquiry form and discuss their situation with an admissions advisor.

Students should complete an inquiry form on the programme website: www.digitalcurrency.unic.ac.cy. An admissions advisor will contact them for more information.

This programme is designed for two sets of students and/or professionals:

  • Students and/or professionals in the field of business, law, finance or government who would like to gain a technical understanding of digital currency, while also developing a deep understanding about opportunities and challenges in integrating digital currencies into existing societal infrastructure;
  • Students and/or professionals in the field of computer science who would like to deepen their technical understanding of digital currency while also understanding likely societal interactions and implications.

While there is a common required core for both sets of students and/or professionals, through the selection of electives, students and/or professionals can take a more computer science-centric or more finance-centric pathway.

The curriculum was developed by University of Nicosia faculty along with consultation with technical advisors who have experience in the digital currency field.

Students attending this program will:

  1. Gain a strong technical understanding of how digital currencies and, in particular, decentralized digital currencies such as bitcoin work;
  2. Understand what are the likely practical opportunities and limitations to their application in the fields of economics, currency, banking, finance, law, governance and development

The formal learning objectives for the program are:

  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 digital currencies and devise business proposals and/or develop systems and services that address them.
  4. Apply and advance practice or research on cryptography, distributed systems architectures and information systems to design innovative systems and services that complement and extend the existing digital currencies ecosystem.
  5. Review, analyze and compare different regulatory environments (banking, payments, commerce, legal, accounting and so on), debate on likely implications introduced by digital currencies 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.

The courses are being taught by faculty from the finance and computer science departments at the University of Nicosia along with adjunct faculty with specific experience relating to bitcoin and other decentralized currencies.

Our instructors have included respected and well-known names from the Bitcoin community around the world such as Andreas Antonopoulos, Anthony Di Orio, Adam Hayes, Reuben Bramanathan, Charles Evans, George Giaglis, Antonis Polemitis and more.

For an updated faculty list, visit our Faculty Profiles page

This MOOC (Massive Open Online Course) is a free introductory course offered online to students from around the world who are interested in learning more about digital currencies.  The course is structured as an introductory survey course, touching upon both technical and non-technical matters related to the topic.

Anyone interested in learning more about digital currency from anywhere in the world can enroll in the MOOC. There are no admissions requirements for the MOOC, though proficiency in the English language is needed for a student to be successful in completing the course

The MOOC is free for everyone.

Interested students can register www.digitalcurrency.unic.ac.cy by filling out and submitting the form at the top of the page. Registered students will be automatically logged in to the course platform and course material will become available before the start date of the next available cohort.

The course was developed by faculty at the University of Nicosia, along with experts in the digital currency field.

The course is taught by:

  • Andreas Antonopoulos, a leading bitcoin and digital currency expert and entrepreneur. Mr. Antonopoulos is chief security officer of Blockchain, popular wallet and block explorer, and also serves on the advisory boards of several bitcoin startups.
  • Antonis Polemitis, a venture capitalist and member of the Board at the University of Nicosia who is leading the University’s advisory board on digital currency. Mr. Polemitis is a well-known writer on bitcoin with a focus on the financial implications of bitcoin adoption.

The MOOC is offered twice a year.

The requirements to complete the MOOC are participating in the various course sessions, completing the relevant exercises and completing the exam at the end of the course with a grade above 60%.

Yes, students who proceed to attend the MSc in Digital Currency at the University of Nicosia and who have successfully completed the MOOC will receive credit for the MOOC as the first course in that program.

Our faculty are constantly monitoring changes in the digital currency landscape and will be making the necessary updates to the MOOC course (and the academic program overall) as needed.