The introduction of blockchain and cryptocurrencies has brought a new generation of digital transformation, but one that has come with serious cybersecurity issues. The following paper investigates the convergence of cybersecurity and the fast-growing cryptocurrency and blockchain markets, with special emphasis on the challenges these technologies pose. It analyzes a range of cybersecurity threats like hacking, phishing, and smart contract vulnerabilities, in addition to reviewing the technological countermeasures available to guard against these risks, including cryptographic controls and the decentralized nature of blockchain. Legal frameworks are reviewed, both domestic and global, with specific focus given to the regulatory reactions in India and around the world. The paper also addresses the implications of cybersecurity incidents in criminal liability, civil liability, and privacy protection. Lastly, it offers suggestions for enhancing cybersecurity, legal reforms, and international cooperation to provide secure and transparent digital asset ecosystems.
