Russia’s Crypto Regulation Bill Unlikely to Pass Before July 1 After Delay

Russia’s cryptocurrency regulation bill is unlikely to be approved before July 1 after missing its scheduled implementation timeline. According to NS3.AI, Alexei Yakovlev said the legislation is still awaiting its second reading. Yakovlev’s comments indicate the bill has not yet advanced through the required parliamentary process. The State Duma’s Financial Market Committee is expected to review the draft law in the coming weeks.