Abstract
This study considers the problem of the formation of the cryptocurrency market as an element of the financial market in Russia. Our study aims at solving the problem of trust in cryptocurrency and finding new ways to use it in the Russian economy. During the study, the main trends in the development of the cryptocurrency market both in Russia and abroad were identified, the main comparative characteristics of the cryptocurrency market with other elements of the financial market were identified, and the stages of the formation of the cryptocurrency industry were explored. The purpose of the study is to identify problems in the development and implementation of the cryptocurrency market in the Russian economy against the background of an increase in the number of sanctions restrictions and currency barriers to prevent a severe economic crisis and stagnation of the country's leading industries. The main events and statements of regulatory bodies that lead to an increase in the demand for cryptocurrencies among the Russian population are considered.
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