How cryptocurrencies affect the global economy?

In recent years, cryptocurrencies have emerged as a significant force in the global economy, sparking both excitement and concern among policymakers, investors, and ordinary citizens. Could you elaborate on the ways cryptocurrencies are shaping the global economy? Specifically, how do they impact international trade, financial stability, monetary policy, and consumer behavior? Are there potential risks associated with the widespread adoption of cryptocurrencies, and if so, what measures should be taken to mitigate those risks? Additionally, how do cryptocurrencies challenge traditional financial institutions, and what opportunities do they present for innovation in the financial sector? Understanding the complex interplay between cryptocurrencies and the global economy is crucial for navigating this rapidly evolving landscape.