What worries the U.S. Central Bank the most? What are the most dangerous risks for it? Tensions between the U.S. and China, the Russia-Ukraine war, rising energy prices, rising inflation, the COVID-19 pandemic, and cyberattacks have become some of the most pressing concerns related to financial risks. In an era of endless economic crisis and uncertainty about tomorrow, people have so many current problems that they no longer think about or view cryptocurrency as a risk. At least that's what the U.S. Central Bank thinks. A survey revealed 11 factors that have greater risks than cryptocurrencies in 2022. Of the 14 financial risk factors, cryptocurrency ranks 11th. This indicates a change in the mindset of investors. On the one hand, it shows an increase in regulation and active efforts by the cryptocurrency community to educate the masses. And what is known and understood is not so scary anymore. On the other hand, investors now have more substantial and important problems than cryptocurrency. The fears of survey participants were related to power struggles in world economies, tensions between the U.S. and China, the Russia-Ukraine war, rising energy prices, rising inflation, the COVID-19 pandemic and cyberattacks, and other world problems. At the same time, despite more serious problems in the world economy, the US Central Bank maintains its anti-crypto position. This is especially evident when it comes to assessing the risks of crypto investments. The report indicates that many cryptocurrencies, including BTC, Ethereum, are down about 69% in value from their November 2021 peak. It also noted that speculation and risk appetite are the main drivers of crypto-asset prices, which have fluctuated wildly in recent years. Speaking about the risks of cryptocurrencies, the Central Bank mentioned the collapse of the Terra ecosystem. It pointed out that companies that were directly related to the stable TerraUSD (UST) found themselves in financial difficulty, sometimes leading to bankruptcy. Meanwhile, cryptocurrencies are being actively launched in other countries. India launched its own central bank digital currency (CBDC) for the wholesale segment. Although India opposes the idea of introducing cryptocurrencies, nine local traditional banks, including the State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC participated in the pilot project. India's central bank, the Reserve Bank of India (RBI), plans to launch the digital rupee for the retail segment within a month in selected locations.