There is a category of monetary value called cryptocurrency, referring to one form which can even circulate in the world of the block chain. However, a larger number of risks pertaining to many crypto coins accompanies their growing popularity. The current cyber crime targeted at these crypto-exchanges is multi-technological and very sophisticated. The hackers are extremely skilful, and in most cases they bypass those sophisticated security measures, making huge monetary loss to the users in those facilities. Generally, these attacks exploit loopholes in the passwords and encryption schemes hence developing effective safety measures. This new version includes another variety of ransomware that involves payment using cryptocurrency or Bitcoins. It spread to others people’ computers including coordinators of electric power, banks and hospitals among others They also act as safe repositories for important details and also conduct business deals that necessitate the use of the cryptocurrencies. The other economics-related matter involves the moral aspects of possible criminal usage of bitcoins.

The regulatory aspects are also a key issue. Governments strive everywhere around the world to recognise which laws and taxation can be applied onto cryptocurrency. Nevertheless there is no single procedure and this has raised doubts and possibility of misapplying the electronic items. On innovative initiatives versus consumer protectionism, regulators are still unable to find a balance point.

Others also suggest that certain crypto-mining techniques like proof-of-work mechanisms cause adverse environmental effects on the planet earth. Nonetheless, these methods are related to large costs of energy consumption which question reliability of cryptocurrency. Day by day, as a society, we become more pro-environmental and this extra heat is felt in the cryptocurrencies to adopt green strategies.

Risks in present times of ever changing cryptocurrency world. Ransomware and encrypted transactions have been threatening security in trade exchanges and may even result in disruptions that will affect global finance. The issues surrounding the regulatory regime and its effect are still uncertain. To deal with those challenges it is needed to be constantly on guard, innovative, and collective approach among participants of markets in order to have a secure block chain’s future.