Nikolai Nikiforov stated:
"Bitcoin is a foreign project for using blockchain technology, the Russian law will never consider bitcoin as a legal entity in the jurisdiction of the Russian Federation."
The article goes on to say:
"However, Nikiforov added that it is "quite possible" that Russia could consider using blockchain technology, as well as various digital tokens. However, he did not provide any context in which the technology might be utilized."Do you think we'll see other countries going down this route?
Source:
https://www.coindesk.com/russia-will-never-consider-bitcoin-legalization-says-minister/Then why are they allowing their citizen's to release a lot of ICO's and do a lot of mining. We all know that Russia has a big part on Bitcoin mining and they made a lot money from it from the start. A lot of ICO's are managed and made by their citizen's in the past which collected a lot from investors.
Why are they saying now that bitcoin can't be legalized in their country then? After of all the funds that they earned from other people?