According to CoinMarketCap, Russia will implement a unified crypto framework on July 1 that licenses exchanges and depositories, bans privacy coins, and caps retail exposure, formalizing state-approved digital asset markets (source: CoinMarketCap). According to CoinMarketCap, the Bank of Russia will unify rules for investments and transactions and ramp up enforcement in 2027 using banking-style penalties (source: CoinMarketCap). According to CoinMarketCap, traders should monitor July 1 and 2027 as key regulatory dates for venue licensing milestones, asset availability under the privacy coin ban, and retail limit implications across Russia’s state-approved markets (source: CoinMarketCap).