According to TechFlow, Russian State Duma member Anatoly Aksakov has re-proposed a proposal to ban the circulation of private cryptocurrencies from September 1. The bill proposes that Russia will impose strict restrictions on the general circulation of crypto assets such as Bitcoin, including the circulation of digital rubles. However, the bill excludes crypto mining and experimental projects related to the central bank from the restrictions. The move is intended to prevent unregulated transactions, but it is not a complete ban on the use of digital currencies. The bill aims to restrict non-Russian cryptocurrency businesses to strengthen the dominance of the ruble. At the same time, the government has given special treatment to cryptocurrency mining, viewing it as an important source of increased tax revenue. In addition, test projects related to the central bank will also enjoy exemptions. For Russian cryptocurrency practitioners, this policy adjustment is undoubtedly a double-edged sword. On the one hand, it means that existing trading platforms and external trading activities will face major challenges. On the other hand, it also paves the way for local cryptocurrency innovation and the promotion of the digital ruble, providing new development opportunities for compliant companies in the industry.