Cryptocurrency and the law

Abstract

Cryptocurrency, also known as virtual currency, digital currency, decentralized currency, or crypto money, is an innovative technology that challenges conventional financial systems and offers a new means of financial exchange and investment. It is an alternative currency that utilizes blockchain technology and cryptography to facilitate secure and transparent transactions, without the need for intermediaries such as banks or governments. Cryptocurrency has gained popularity in recent years due to its potential benefits, including faster and cheaper transactions, improved privacy and security, and global accessibility. However, it also faces limitations and regulatory challenges that require careful consideration.