The circulation of virtual money spread in many countries of the world (a currency that does not have a physical presence that is traded over the Internet only and is generated through special programs in the computer), yet most of the individuals are still unfamiliar with the characteristics, advantages and risks of these currencies, and therefore the study aimed to demonstrate The reality of virtual money, its types and characteristics, with an analysis of the most important economic effects arising from its spread and its use as a modern means of payment. The study reached a number of results, the most important of which are: the weak infrastructure of this money, which made it display sharp fluctuations in its prices at the lowest economic situations and events, and that p M The presence of a central authority regulating its issuance, support, and protection in crises contributed to increasing fluctuations in its exchange rates, and one of the most important proposals of the study was the need for international coordination and monetary cooperation that works to put in place frameworks to protect customers with this money, while working to draft agreements and laws that control the issuance of this money And the mechanisms of their circulation at the international, regional and national levels, as well as the speedy issuance of educational guidance by the Monetary Authority indicating the risks of these currencies, with the issuance of mandatory instructions that prevent the circulation of these currencies at the national level, until international controls are reached on them.