Russia to Ban P2P Crypto Trades, Block Self-Custody Transfers
The central bank said transactions will be allowed only through authorized intermediaries as Russia expands oversight of its regulated crypto market.
- Starting July 1, 2027, Russia will ban direct peer-to-peer cryptocurrency transactions between individuals, requiring the use of state-regulated intermediaries for such trades.
- New regulations signed by President Vladimir Putin in the summer brought exchange operators under the oversight of The Central Bank, following rules enforced on Sept. 1 to expand the regulated market.
- Retail investors face a $3,690 annual limit on purchases through authorized intermediaries, with the official registry currently including 12 entities such as state lenders Sberbank and VTB.
- In guidance updated Monday, The Central Bank clarified that individuals are prohibited from transferring crypto assets from digital accounts to their own non-custodial, or self-custodial, wallets.
- Industry executives expressed skepticism regarding the enforcement of these restrictions, even as Russia continues to prohibit using cryptocurrency for goods and services within the country.
24 Articles
24 Articles
Russia Moves to Ban Direct Crypto Trading, Forcing Citizens Into State-Regulated Exchanges by 2027
Russia’s Central Bank plans to prohibit individuals from directly buying and selling cryptocurrency to each other starting July 1, 2027, according to The Moscow Times on October 15.
Russia to Ban Direct Person-to-Person Crypto Trades in July 2027
Russian citizens will not be allowed to buy or sell cryptocurrency directly without state-regulated intermediaries starting next summer, according to official guidance from Russia’s Central Bank.
Russia to ban peer-to-peer crypto trades: What does it mean for traders?
Russia has confirmed that direct peer-to-peer cryptocurrency transactions between individuals will be prohibited from July 1, 2027, requiring residents to conduct trades through authorized intermediaries. According to updated guidance published by the Bank of Russia on Oct. 12, individuals can…
Cointelegraph
The New York LedgerRussia to Ban P2P Crypto Trades, Block Self-Custody Transfers
Russia wants to end direct P2P crypto trading in July 2027, while its central bank also bars individuals from moving crypto assets into their own self-custody wallets.
Will Russia crypto ban end direct P2P trades in 2027?
The Russia crypto ban is set to change how individuals trade digital assets in the country. Updated guidance from the Bank of Russia says direct peer-to-peer cryptocurrency transactions between individuals will remain allowed only until July 1, 2027. After that date, people will need to use authorized intermediaries for such trades. The central bank also… The post Will Russia crypto ban end direct P2P trades in 2027? first appeared on CryptoNews…
Russia Ends Direct P2P Crypto Trades on July 1, 2027
Russia Sets July 2027 End for Retail P2P Crypto as Market Shifts to Licensed Intermediaries The Bank of Russia has confirmed that direct peer-to-peer cryptocurrency trades between individuals will remain legal only until July 1, 2027, after which residents will be allowed to transact in digital currencies only through authorized intermediaries or directly with them. The clarification, published in updated guidance on the country’s new crypto reg…
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