Cryptocurrencies aren’t the only technology getting the regulation treatment in Russia. The country has stated that a legislative framework for blockchain technology could be implemented within the next few months.
The country’s embrace of blockchain seems to be filtering from the top down as President Putin has previously said that anyone who is “late in the race” in terms of blockchain development and implementation, would be forced to depend on other world leaders.
He stated that: “Russia cannot allow this.”
(Source: Bitcoinist), Image taken from: TheBitcoiners