[Russian Cryptocurrency Regulation Bill Scheduled for Vote in July This Year] According to DL News citing the Russian parliamentary bulletin, Moscow plans to introduce a cryptocurrency regulation policy in July, allowing retail and institutional investors to purchase Bitcoin by mid-2027. Anatoly Aksakov, Chairman of the State Duma Financial Markets Committee, stated that a comprehensive legislative framework will be ready by the end of June for State Duma deputies to vote on. If approved, the bill will take effect on July 1, 2027. Aksakov mentioned that the bill will include regulatory provisions for cryptocurrency exchanges, with unregistered cryptocurrency exchange operators potentially facing fines or imprisonment, similar to Russia's laws against illegal banking activities. Under the plan, retail investors will need to pass a qualification test to trade cryptocurrencies, and an annual purchase limit of $4,000 may be imposed. The central bank is expected to develop a whitelist of cryptocurrencies available for retail investors to trade, which may include mainstream assets like Bitcoin and Ethereum. Qualified investors, however, will be allowed to trade tokens outside the whitelist.