Russian President Vladimir Putin has signed a law formally regulating Bitcoin and cryptocurrencies. $BTC

The law establishes a formal framework for dealing with digital assets in Russia, in a move drawing the attention of investors worldwide.

However, the full details of the law and when it will take effect have not yet been clarified, nor whether it will cover trading platforms and miners.

If you follow $BTC, this may mean Russia is moving toward clearer regulation, but it’s no guarantee of a price move or a change to your local rules.

Bottom line: Russia signing a law to regulate the sector doesn’t change your local rules, but it signals that major countries are moving toward regulating the sector.

Do you think Russia’s regulation will push institutions toward $BTC? 👇

#Bitcoin #Regulation

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