Russia plans to block foreign cryptocurrency exchange websites starting in summer 2026, aiming to redirect crypto activity to locally licensed platforms. This move is part of new legislation expected to advance this spring, with technical filtering managed by Roskomnadzor. The initiative seeks to reduce capital outflows and enhance regulation, as Russian traders currently conduct about 5 billion rubles in daily crypto trading, primarily on overseas platforms. Sergey Shvetsov, Chairman of the Supervisory Board of the Moscow Exchange, highlighted that Russian traders pay approximately $15 billion annually in commissions to global exchanges. By promoting local platforms, Russia aims to capture this market. However, experts caution that fully blocking foreign platforms may be challenging and could push activity toward less transparent channels.