The condition of the Russian state and the issue of legalizing Bitcoin in trade until the new rules have reached the national news of my country. However, this is good news that should be cheered up by the market because it is hoped that it will resolve the doubts of the Russian public who owns a proportion of the portfolio in crypto. Unlike China, its ally, which strictly prohibits Bitcoin only for the benefit of its country's regulators.
It is because people are seeing Russia and China as of the same ideology and they think that if China will see the development of crypto in Russia and they will not see any harm to the state then China will also resume the crypto trading, its mining and its other usage. Because of the China ban many people in china are unhappy and many lost their earnings, now after this news people from China are expecting the same from their country too.