Russia passes new bills or exacerbates government restrictions on cryptocurrency-related activities

According to recent reports from foreign media, Russia has approved a bill allowing the government to review all flows through state-owned channels when necessary. At the same time, Russia's regulation of cryptocurrencies is still in progress. Under the proposed regulations, the government wants to limit Russian traders to local crypto exchanges, allowing only “qualified” investors to trade Bitcoin and other cryptocurrencies. If the government is empowered to limit its external traffic, it seems that the ability to enforce such regulations will be significantly enhanced. For encrypted users, this means that all of its transactional traffic can be known to the government at any time. With the implementation of strict regulatory programs, not only the use environment of the Internet, but also the environment in which Bitcoin is used may become unreliable and dangerous.