[Russia's 'Digital Currency and Digital Rights' Bill Set to Take Effect in July] According to foreign media reports, the 'Digital Currency and Digital Rights' bill jointly drafted by the Russian Central Bank and the Ministry of Finance is set to take effect in July. The bill permits cryptocurrency trading only through eight licensed domestic institutions, such as securities and commodity exchanges. Over-the-counter 'crypto exchangers' must be included in an official registry and meet minimum capital and self-owned funds requirements. The bill mandates regulatory oversight for exchange institutions with monthly transaction volumes exceeding approximately 3.5 million rubles and introduces the concept of an 'address identification code.' Transaction data must be shared with the central bank, tax authorities, and law enforcement agencies. For individual investors, trading is limited to crypto assets listed on regulated Russian platforms, and they must pass an annual competency test. The proposed annual purchase limit is 300,000 rubles (subject to potential adjustment). Investors who violate regulations by using unregistered foreign platforms may face fines in the future.