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/Russia is a communist country their structure is very much different from other democratic country and we had more democratic countries than communistic ones, so the impact will not very hard but there will still be a lot of Russians participating in trading Bitcoin because they knew the full value of Bitcoin.