Russia's growing importance in the Bitcoin market has a significant effect on how cryptocurrencies are used all over the world. The country's large-scale mining activities improve the security and hash rate of the Bitcoin network as a whole. Furthermore, as Russia gets a more significant share of Bitcoins worldwide, it has more power and control over the market.
This could change how Bitcoin's price moves and how people trade worldwide. Also, Russia's use of cryptocurrencies questions the traditional financial system run by centralized banks and states. This could cause a change in the way power is distributed and how financial deals are done around the world.