I read the news carefully and I think this is still a proposal that the government may or may not approve in the near future. I would prefer countries to regulate bitcoin if they don't legalize it as a legal currency. Much more profitable for the government than having to ban it.

This news has made bitcoin fundamentals stronger which we expect will see a rise in price. Obviously not everyone in Russia likes bitcoin even within the government itself, but their desire to legalize some of bitcoin's functions should be rewarded rather than banned. The government will benefit from this legalization, but I think it's still a matter of time.