Russia's anticipated cryptocurrency regulation bill will not meet its planned July 1 implementation date, according to Alexei Yakovlev, Director of the Financial Policy Department at the Russian Ministry of Finance. The bill, which has already passed its first reading in the State Duma on April 21, is ready for a second reading but will be "slightly delayed." The State Duma’s Financial Market Committee is expected to review the bill in the coming weeks, making a July 1 enactment impossible. The delay affects the timeline set by Russian authorities, who had aimed for the bill to take effect by July 1, with the Bank of Russia planning to introduce detailed rules in the third quarter. These regulations are intended to bring cryptocurrency transactions under the same regulatory framework as bank transfers by the fourth quarter.