Russian government has move to recornize Bitcoin and other Cryptocurrency as a currency in the country.
The Russian government and the Central Bank has come to Conclusions, to formally recornize cryptocurrency as means of currency in the country.
The development is come after the initials plan to ban mining Bitcoin in Russia.
According to news outlets, the government will draw regulation that will integrate cryptocurrency into the country financial system.
Binance founder, CZ confirmed the development on his Twitter handle.
His tweet read:
Russia takes the decision after India recornize cryptocurrency.
India government which initially ban cryptocurrency, lift the ban and place 30% tax on crypto related transaction in the country.
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