We have heard all the news about countries deciding to make bitcoin as legal, the latest being Russia and Ukraine as they both are also in some political problem. Obviously with this new statement that has been made on bitcoin status in those countries, it could be regulated by the government.
What is your expectation of bitcoin ?
Maybe that's good news for today's crypto users. This is a form of support that can make the Bitcoin price increase. And the hope is that other countries that haven't legalized Bitcoin can follow suit.
But the basic question is how they can apply a rule to global investment. Many exchanges currently accept users from various countries, they accept KYC for all countries, thus making some people not need a local exchange.
And until now we have not been able to determine how the form of rules that want to be applied in a country regarding crypto. Maybe taxes. However, the tax taken in a country is not on crypto users, but on local exchanges as a form of crypto company.