Cryptocurrencies as a new element of the development of the Russian financial market or a threat to the Russian ruble

Nowaday one of the most controversial innovations in the global economy are cryptocurrencies and finance-technology sector. Nevertheless, more and more of the world's financial markets are deciding to transfer the virtual world of finance to the level of flat finance. Such actions are undertaken both by emerging economies the example of India or crisis-plunged countries such as Venezuela, but also more and more often they are opting for the economies of the great world powers, an example of which can be the Russian economy market which strives to replace the traditional Ruble with a virtual ones. Is it an innovating option or a threat for Russia market it will be see in a future?