TechFlow news, according to BeInCrypto, Russia will impose strict restrictions on the circulation of crypto assets such as Bitcoin starting September 1, allowing only digital financial assets issued within its jurisdiction. This initiative is led by Anatoly Aksakov, chairman of the State Duma's Committee on Financial Markets. It forms part of the government's broader effort to control the cryptocurrency ecosystem amid escalating geopolitical tensions.
Anatoly Aksakov stated that the upcoming legislation aims to restrict non-Russian cryptocurrency activities in order to strengthen the dominance of the ruble. Aksakov explained that only digital financial assets and the digital ruble issued under Russian jurisdiction will be permitted. The bill will establish exceptions for cryptocurrency miners and central bank-backed pilot projects within an experimental legal framework.
