According to RBC, Vladimir Chistyukhin, the First Deputy Governor of the Russian Central Bank, stated that in the future, cryptocurrency transactions within Russia will only be allowed through non-cash methods, and a mechanism for converting Bitcoin into cash rubles will not be introduced to ensure controlled fund flows and prevent illegal activities such as money laundering. The Russian Central Bank and the Ministry of Finance have been promoting a regulatory bill for the crypto market since last fall, and the relevant bill was submitted to the State Duma in March of this year, scheduled to take effect on July 1, 2026. Institutions operating without licenses will face severe penalties.