Another great new in 2022 for the crypto users. I am telling it good because it is good than a full ban about which central bank was thinking.
There was a worry from the central ban who called for a ban on bitcoin in Russia in the previous month but on Tuesday in their announcement they along with the Russian government agreed to legalize and regulate the cryptocurrency as a currency for the country. On 18th Feb they will launch a draft for that step
It means that now this community will be increased much more and the crypto field will see more development and seeing this other countries will also accept crypto as their currency.
Their attempt of this step is to handle the usage of bitcoin and other coins in the country because they government do not want to ban it and central bank asked for a ban on it.
But for the transactions more than 600,000 rubles which is around $8000, there will be tax
https://www.coindesk.com/policy/2022/02/09/russia-to-license-crypto-exchanges-tax-large-transactions/To be honest, this is one of the most shocking news in the crypto world. Russia is one of the most respected countries in the world as well as one of the communist countries, i believe with this decision China and other communist countries will rearrange the laws against crypto in their countries.