Russian President Valdimir Putis has signed a bill related to cryptocurrencies. It says that Bitcoin and Ether, as well as other cryptocurrencies, can be legally traded in Russia. On the contrary, no one is capable to buy any commodities without exchanging cryptocurrency to the Russian Ruble.
Mati Greenspan, founder at Quantum Economics assumes that it is the clearest law he has ever seen. More or less, it identifies the strict regulations concerning cryptocurrency turnover. It is a very good signal for crypto-traders for they are capable to break through the “grey zone” they have to operate before.
Transactions with cryptocurrency are very popular in Russia currently. The lack of legislative regulation have cut down on its headway. The new bill seems to clarify the matter at present.