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. Since last fall, the Russian Central Bank and the Ministry of Finance have been promoting a regulatory bill for the crypto market, which was submitted to the State Duma in March this year and is scheduled to take effect on July 1, 2026. Institutions operating without a license will face severe penalties.