• Priyanka Shukla

Money is maybe the best-recognized but at the same time less-understood economic metric. Throughout the development of a monetary science starting in the eighteenth century and fundamental works on such issues as true nature and the key functions of currency, the method and theories of monetary science have changed dramatically to the point of not entering the final state. The twenty-first century can be characterized by massive technological advancement and increased internet use, which greatly resulted in the growth of a monetary system that implemented a new trend-virtual currencies. Though remaining somewhat illusive, both legislative authorities and practitioners have widely noted the virtual currencies. In addition, prime authorities such as the Securities and Exchange Commission, S Treasury and European Central Bank expressed their reservations regarding this new form of currency as well. The suggested subject deserves extra attention because of the increasing popularity of virtual currencies, particularly the cryptocurrencies. Given the various possibilities virtual currencies could bring, it is very difficult to disregard the related risks-virtual currencies, representing a form of unregulated, digital money could support higher risks such as money laundering, financing illegal activity, etc. The focus of this paper addresses the overall analysis and evaluation of risks associated with the future production of virtual currencies and the inadequate, not comprehensive regulation. The paper's main findings suggest that virtual currencies nonetheless have a strong potential for further development, the development of a global or at least regional legislative base should take precedence.

Virtual currency, Money, Alternative currency, Crypto currency, Digital currency.

"A Literature Survey of Virtual Currency", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 4, page no.156-160, April-2019, Available :http://www.jetir.org/papers/JETIREQ06030.pdf

"A Literature Survey of Virtual Currency", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 4, page no. pp156-160, April-2019, Available at : http://www.jetir.org/papers/JETIREQ06030.pdf