With regulations on the horizon, high-ranking officials in Russia have come up with ideas on how to harness cryptocurrencies when, hopefully, they are finally legalized. The need of finding ways to circumvent sanctions on several fronts seems to be the main incentive for the ingenuity in the corridors of power in Moscow.
other countries like Venezuela ,turkey , india. iran, are also considering to introduce their own crypto currency and if they decide to launch govt backed crypto currency then value of dollar will effect badly in the market