Please wait until 18th Feb 2022. That's the date when the Russian government will release their draft legislation for further debate and discussions. It's a good move to regulate bitcoin as a currency because that is what it is. But I am very curious to know how they want to do it! Definitely they are not going replace rubble and they are not going to accept bitcoin as a legal tender. So it's very interesting to see how they want to regulate it as a currency.
Seems they gonna make a positive move of legalized bitcoin in their country.Russia with huge amount of individual billionaire, so the people of Russia gonna make a huge change in the price of bitcoin.Since they legalized, surely the price of bitcoin gonna had some changes soon.
But I would request everyone, not to believe a Communist government because things can become very different that it looks like. There could be a huge difference between what they are saying now and what they have planned for the future.
It's seems to be a agreed one. But I had a question, why should the communist government gonna a make a law based on the cryptocurrency. The communist government will try to control the bitcoin after the legalization. But may or maynot be positive impact in the price of bitcoin.