A couple of weeks ago, Russian authorities announced that Bitcoin use was legitimate in the eyes of the law. With a population of 146 mln people, Russia is an important market for Bitcoin and other digital currencies. Cointelegraph spoke to Jake Smith of Bitcoin.com to find out if the new development calls for a celebration.

Giving Bitcoin the green light

Cointelegraph: Russian authorities just endorsed the use of Bitcoin as legal. What is your reaction?

Jake Smith: Over the years we've heard countless rumors about some country or another first banning Bitcoin, then clarifying that they are only regulating it, then reverting to say that they are legalizing it, ad infinitum. Because of this, I find it hard to get too excited or too worried whenever I hear of any country taking a policy stance on Bitcoin. However, if Russia has truly decided to give Bitcoin the official green light, then I think this is fantastic news.

Continue Reading the full Interview : https://cointelegraph.com/news/russia-calls-for-celebration-as-bitcoin-becomes-legal