After conflicting statements by ministers and speculation about a state-backed altcoin (CryptoRubble), Russia seems to be officially in the process of regulating Bitcoin, ICOs and cryptocurrencies in general.
According to reports by media, such as Russia Today, President Putin ordered government officials to draft a law which will fully regulate the cryptocurrency ecosystem.
The upcoming legislation will define the status of Bitcoin and other cryptocurrencies in Russia. It will also oblige miners of cryptocurrencies to register their mining activities and pay taxes on their profits to the Russian government.
Furthermore, Russian lawmakers will likely follow their US counterparts who want to regulate Initial Coin Offerings (ICOs), as already done with ordinary IPOs.
The reports on this matter insist that Russia's "Bitcoin Law" will be passed by summer 2018.