According to CoinMeta, the Russian Central Bank plans to ban illegal cryptocurrency exchange institutions and related gray areas by July 1, 2027. Putin signed a law legalizing cryptocurrencies on August 4, 2026, recognizing digital currencies as property and assigning market regulation responsibilities to the Russian Central Bank. The main provisions of this law came into effect on September 1, 2026. Cryptocurrency exchange institutions that are not listed in the central bank's registry can continue to operate until July 1, 2027.