[Russian Crypto Regulation Bill Delayed, Unable to Pass by July 1] According to Bits.media, Alexei Yakovlev, Director of the Financial Policy Department at the Russian Ministry of Finance, admitted that the government's bill on regulating cryptocurrency circulation will not take effect as scheduled by July 1. The bill was originally planned to take effect on July 1 and is now fully prepared for a second reading, but will be 'slightly delayed.' Yakovlev stated that the State Duma Financial Market Committee will review the bill 'in the coming weeks,' making it impossible to pass before July 1. The State Duma passed the bill in its first reading on April 21. Previously, authorities had repeatedly set July 1 as the effective date. The Russian Central Bank had planned to adopt relevant regulations in the third quarter, aiming to conduct cryptocurrency transactions under the new rules for the first time in the fourth quarter. All crypto operations would be regulated on par with bank transfers, as envisioned by the Central Bank.