Cryptocurrencies: Trends, Risks, Measures

Abstract

Cryptocurrency plays a special role in the modern world.Its capitalization is growing, yet it remains unsecured.The main risks relate to citizens' welfare, financial stability, and threats connected to illegal activities.For citizens, the primary risk is losing personal investments and borrowed funds.Cryptocurrencies can affect the national currency; increasing holdings in cryptocurrencies reduces the central bank's ability to conduct independent monetary policy and manage inflation.There is also a risk of widespread use of cryptocurrencies in criminal activity.Currently, no measures fully eliminate anonymity, creating significant challenges for anti-money laundering and counter-terrorism financing systems (AML/CFT) and complicating law enforcement operations.