In terms of freedom Russia is not far behind from China in a negative sense, so it's quite possible that cryptocurrencies not only will not be legalized, but also get restricted just like China did. Right now a lot of mixed signals are coming from Russia, some officials see cryptocurrencies as an opportunity, others as a threat, so it's hard to tell right now what will be the final decision - it will depend on which side will be able to convince Putin. But whatever happens, it won't have a big impact on Bitcoin, because Russia's economy is quite small and its decision won't have any big influence on other countries.
Russia is now at a crossroad for cryptocurrency. I think the government is having the hard time deciding which path to go through whether they would be for legalization or restriction. There are people in that government which fully understand the many benefits of welcoming Bitcoin and cryptocurrency which can be seen now in Japan but there are also those opposing it based on the fact they can be ceding some controls which they are now enjoying.
We are hoping that instead of banning cryptocurrency the Russian government would instead adopt some strict measures or regulations for Bitcoin so that there would still be some form of balancing while at the same not killing the swan that is laying the golden eggs. We will see what can be in the next few weeks or months.
Hello to Mr. Putin! Please share your vodka with us!
