Very interesting take on Russia making CryptoCurrency “legal”. There’s still a lot of misnomers and definitions that need to be cleaned up as the industry moves forward. For instance, it is called a currency, but can’t be used as “payment”.
That’s not a bad thing per se, as most crypto’s are not currencies at all, but really glorified penny stock type assets.
But, this is a step forward in recognizing a “digital asset” AND in setting up banks to be able to hold, purchase, exchange, etc.
Putin Signs Law Giving Cryptocurrency Legal Status in Russia | Regulation Bitcoin News https://bit.ly/3i5JdYR