This is a great news especially in Ethereum.
Russian President Vladimir Putin endorsed cryptocurrency and Bitcoin rival, Ethereum, earlier this year. What does this mean for the future of the Russian technology industry and fintech in the long term? Is Russia one-step ahead with Burger Kings WhopperCoin? With geopolitics being at the forefront of everything Russia does and those experimenting with cryptocurrencies still in doubt and insecure, Putins interest was treated with caution.
This is good news, it means that the russian government will make a fund or will patronize cryptocurrency and I think that is the starting point of spreading the cryptocurreny. Because if russian government will fully support it, other countries will do the same thing. The question is the value of crypto will increase, decrease or will remain.