Russia's crypto regulatory bill may come into effect on September 1

On July 4, RBC reported that VladimirChistyukhin, First Deputy Chairman of the Central Bank of Russia, said that the Russian Crypto Market Regulation Act may take effect on September 1, 2026, with a transition period to July 1, 2027. During the transition period, market participants can prepare registration documents, apply for new licenses and adjust internal processes. Starting from July 1, 2027, relevant criminal and administrative liability mechanisms are expected to come into effect to distinguish between legal and illegal operations in the crypto market.