According to BlockBeats, from September 1, Russia will impose strict restrictions on the circulation of crypto assets such as Bitcoin, and only allow the issuance of digital financial assets within its jurisdiction. This is an initiative led by Anatoly Aksakov, Chairman of the State Duma Financial Market Committee, aimed at restricting non-Russian cryptocurrency businesses to strengthen the dominance of the ruble.

The bill will create exceptions for cryptocurrency miners and test projects supported by the central bank within the experimental legal framework, as cryptocurrency mining has significantly increased Russia's tax revenue. However, State Duma deputy Anton Gorelkin clarified that Russia does not intend to ban cryptocurrencies completely. The restrictions will affect the creation of cryptocurrency exchanges and other platforms that provide services for cryptocurrency trading.