Odaily Planet Daily News: The Russian State Duma has passed a bill to legalize Bitcoin mining and allow international trade in cryptocurrencies. The bill, which was first proposed a few years ago, is expected to take effect on September 1, subject to final approval by the Union. The voting results of this meeting were reportedly clear, with a total of 404 votes in favor, accounting for 89.8% of the total votes. The new legislation is intended to address the challenges faced by Russian banks due to regulatory restrictions and international sanctions. Sanctions have severely disrupted Russia's trade relations with major partners such as China, India, the UAE and Turkey, and local banks have become increasingly cautious under Western pressure. The bill establishes a regulatory framework to oversee cryptocurrency mining activities, ensure compliance with tax regulations and prevent illegal operations.