Russia, one of the global bodies who practice and engage the use of crypto currency has proposed a ban on it, stating fears as it(crypto) being a threat to digital currencies and also poses a threat to financial stability.
Vladimir Putin, president of Russia has decided that the proposed ban will be necessary as it will be able to curb financial insecurities. Mean while, Anton Siluanov, Finance Minister, is hoping there can be ways to iron out disagreements and that a bill be passed into law regulating cryptocurrency.
He is also of the opinion that should arguments ensue over the proposed bill, arrangements for it will be prolonged but is still hopeful that the President will agree to a consensus.
Well in terms of bitcoin or cryptocurrency adoption it will take long discussions before we can see proper regulation since there are so many things to consider and other people who are afraid on new things will be skeptical about new adoptions. So I guess this will matter unto them if they impose proper regulation or banning it since for sure if they decide to take this out temporarily in their country then for sure they lose the opportunity which can help more their economy.