Strictly speaking, in Russia they change their attitude to the crypto currency and methods of its regulation so much so that it is difficult even to imagine what kind of regulation Medvedev meant. They recently stated that the only legitimate crypto currency can be only their national cryptor. Does such regulation imply the actual prohibition of all decentralized crypto-currencies? And do they want to impose such a position on other neighboring states? I would not like such regulation in general.
Everybody wouldn't like such regulations to take place. The Eastern EU region is a crypto-friendly region and I don't think that the governments out there would want to submit to Russia's proposition in imposing a unified regulation. They can create their own regulations and implement it on their own country, but asking others to do the same? I think not.
Based on what I read, the Russian drafted a new bill on cryptocurrency. They legalizes the term digital financial asset. They just wanted to mentions cryptocurrency and tokens, as another form of digital money used as payment for a star-up company's services. Russian wanted to act legally.
Other countries also want to act legally when it comes to the cryptocurrency topic, that's why they're trying to create regulations for crypto trades and exchanges in order to monitor the scene and to see whether illegal activities are involved in crypto trading that is happening well within their soil. Also, there could be taxes to be collected on crypto gains so why wouldn't they want to exert effort in interpreting it
in legal terms?
Russia is not supposed to develop their own cryptocurrency?
Talks about Russia developing their own crypto (CryptoRuble) has been around for over a year now and it looks like it's going to be finalized either Q4 2018 or mid-2019.