Okay so months ago, we thought that they're all set to lay down the axe on Bitcoin and cryptocurrencies in Russia. But right now, lawmakers have passed a bill to legalize cryptocurrencies in their country.
However, there's one section of the bill states that Bitcoin cannot be used as payment method. They do legalize cryptocurrency trading though, but not sure when it comes to crowdfunding, ICOs, etc.
Source:
https://cointelegraph.com/news/russian-lawmakers-finally-pass-countrys-major-crypto-billAny reactions so far guys?
I have been seeing this news since last 3 days in my Google news feed from various sources. It seems like Russian lawmakers are thoroughly confused on their actions on cryptocurrency in general. First they thought of banning it and now when they are realizing that it's beyond their control, they are trying to regularize it! But yes, I generally don't believe any news coming from a communist country where media doesn't have right to speak freely!
Regularizing cryptocurrency but not recognizing it as a payment method, makes little sense to me! Probably they want to map the group that is using cryptocurrency first and then wrack havoc on them to ban the cryptocurrency from the country. Communist countries can take such extreme measures to be honest and can go to any extent without looking at human rights. Extreme caution is advised!