The technological revolution has amongst different matters revolutionized cash also. It has given the beginning of a new medium of trade popularly recognized as cryptocurrency. It is handy solely in digital or digital shape and can be exchanged solely via online media. Virtual Currencies have grown to be especially famous these days due to increased privacy and decrease transaction costs. The accelerated makes use of and pastime of humans in these currencies around the globe and India depicts that a strategic criminal framework is indispensable to deal with digital currencies in us as properly as outdoors the country. The decentralized and nameless nature of digital currencies further offers an upward shove to troubles in their regulation. Cryptocurrency is accelerating different menaces like money laundering, terrorist funding, and tax evasion, which desires to be addressed at the earliest. I have tried to carry out the felony and focus troubles about cryptocurrency through conducting a survey and based on the evaluation of the survey consequences and current laws, the prison problems and challenges are pointed out and the viable options to them are proposed in the paper.