What putin fails to see is that he cannot police the world let alone his own country.
if anything this just makes bitcoin more valuable in russia. As it will be traded as contraband.
Making things illegal doesn't make them go away, merely forces them into shadier hands.
Hmm... Every country does the same.
It's just the fact that if you don't register important exchanges of money, you'll be fined because you didn't pay taxes here.
I mean, not saying it's good or bad, but that's the case in all Europe and whole America. Putin just raised it to btc exchanges too that's all.