Exit by July 2027: Russia's Central Bank wants illegal crypto exchange services to disappear

Odaily reports that the Central Bank of Russia has stated it wants illegal crypto exchange services and related gray areas to cease to exist by July 1, 2027. Putin previously signed a crypto legalization law on August 4, recognizing digital currency as property and assigning market regulatory responsibilities to the Central Bank of Russia; the main provisions of the law took effect on September 1, 2026, and crypto exchange services not included in the central bank's registration list may continue operating until July 1, 2027.