Russia is set to introduce comprehensive cryptocurrency regulations by July 2026, with a vote scheduled in the State Duma. Anatoly Aksakov, Chairman of the Financial Markets Committee, announced that the legislative framework will be ready by the end of June. If approved, the regulations will take effect on July 1, 2027, allowing both retail and institutional investors to purchase Bitcoin until mid-2027. The proposed regulations will include measures for cryptocurrency exchanges, with penalties for unregistered operators similar to those for illegal banking. Retail investors will be required to pass a qualification test and may face an annual purchase limit of $4,000. The central bank plans to create a whitelist of cryptocurrencies for retail trading, potentially including Bitcoin and Ethereum, while qualified investors will have access to a broader range of tokens.