[Russian Crypto Regulation Bill May Take Effect on September 1] According to a report by RBC on July 4, Vladimir Chistyukhin, First Deputy Governor of the Bank of Russia, stated that the Russian crypto market regulation bill might take effect on September 1, 2026, with a transition period set until 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, related criminal and administrative liability mechanisms are expected to come into effect to distinguish between legal and illegal operations in the crypto market.