Global markets are growing and cryptocurrency acceptability is at an all-time high. Opportunities and vulnerabilities are both present as a result. Several countries, including El Salvador, have started to recognize Bitcoin as legal cash, and others are working to regulate digital currencies. Because it is unclear how cryptocurrencies will be regulated by countries, there are a lot of speculative discussions. Making decisions about investments can be challenging due to the high level of uncertainty around the future of some tokens, despite the fact that it may seem exciting and appealing to think about bypassing rules and heavy taxes on payments. We provide a list of standards that can assist investors in locating the next major cryptocurrency project and preventing fraud.