Crypto Currencies (challenges, risks, and ways to confront)

This study mainly aims to clarify the concept of virtual currencies (encrypted) mainly and the extent to which they are related to the rest of the other digital currencies, as technological progress and the resulting innovations have contributed to bringing about radical changes with regard to the way the institutional unit manages its business and provides its services, the most prominent of which is related to the emergence of  Encrypted virtual currencies, as Bitcoin is one of the most widespread and famous globally, in addition to the severe fluctuations in its currency and the presence of many risks associated with it.  However, it has gained the confidence of its dealers within the global Internet due to its ability to benefit from financial services closely related to it easily and smoothly through the electronic platforms available on the Internet, which encouraged some institutions around the world to deal with it and accept it as a means of payment.  Therefore, this study will review and analyze the benefits and advantages of cryptocurrencies, in addition to diagnosing the challenges and risks, and what these digital currencies require in all their forms and types of appropriate infrastructure for their adoption and application, because of their direct impact on the level of the financial and banking industry, especially the payment sector and money transfer through systems  Advanced payment and settlement.  Therefore, it is necessary to focus on tracking developments in these currencies and analyzing the results of combining information technology and policy analysis with the aim of diagnosing their potential effects on payments and monetary policies, as well as financial services, targeting financial stability, and adopting the necessary measures to deal with these currencies and their effects