Russian authorities are delaying the introduction of a new law regulating cryptocurrency transactions in the country, according to the finance ministry.

The legislation was supposed to enter into force no later than the first day of next month. While legalizing crypto investment, it will ban advertising.

Russia to miss July 1 deadline for crypto regulation

The adoption of Russia’s bill “On Digital Currency and Digital Rights” has been delayed, admitted a high-ranking official from the Ministry of Finance in Moscow.

While it is ready for further consideration, this will take place “with a slight delay,” according to Alexey Yakovlev, head of the Minfin’s Financial Policy Department.

Quoted by the leading Russian crypto news…