Russia plans ban on direct P2P crypto trading from July 2027
The Bank of Russia has outlined plans to ban direct peer-to-peer cryptocurrency transactions between individuals starting July 1, 2027, channeling activity strictly through authorized intermediaries.
Direct peer-to-peer cryptocurrency transactions between individuals will be prohibited in Russia starting July 1, 2027, according to updated guidance from the Bank of Russia reported by Cointelegraph and Wu Blockchain. Under the upcoming restrictions, individuals will be required to execute trades exclusively through authorized intermediaries. The central bank also clarified that individuals are prohibited from transferring crypto assets from regulated digital accounts to their own non-custodial or self-custody wallets.[1][5]
The guidance coincides with broader steps to expand Russia's regulated crypto market. The central bank recently authorized Sberbank, the nation's largest bank, to provide crypto exchange services after previously clearing it as a digital asset custodian. That move follows regulatory rules that took effect on Sept. 1, which placed exchange operators and custodians under central bank oversight while keeping a ban on cryptocurrency payments for goods and services in place.[1]
Reporting from the Moscow Times relayed by Coin Bureau indicates that the proposed regulatory framework would require mandatory investor knowledge qualification tests. Under those proposals, unqualified retail investors would be capped at 300,000 rubles, or roughly $3,690, in annual crypto purchases per provider. Outlets including Crypto Briefing noted the restrictions could centralize control over domestic trading, alter global trade dynamics, and push crypto activity into informal markets.[2][3][4][6]
Key facts
- The Bank of Russia confirmed that direct peer-to-peer crypto transactions between individuals will be banned starting July 1, 2027.
- Starting July 1, 2027, crypto trades in Russia must take place exclusively through authorized intermediaries.
- Central bank guidance clarified that individuals are prohibited from transferring crypto assets from digital accounts to self-custody wallets.
- The Bank of Russia authorized Sberbank to offer crypto exchange services after previously clearing it as a digital asset custodian.
- Russia continues to prohibit cryptocurrency payments for goods and services.
- The Moscow Times reported that the planned framework would institute mandatory investor qualification tests and cap unqualified investors at 300,000 rubles ($3,690) in annual purchases per provider.
Sources · 4 sources
- WB
Wu Blockchain@WuBlockchainPost on X ·
Russia to Ban Direct P2P Crypto Trades Starting July 2027 According to Cointelegraph, the Bank of Russia confirmed in updated guidance that direct peer-to-peer (P2P) cryptocurrency transactions between individuals will be banned starting July 1, 2027, requiring users to transact exclusively through authorized intermediaries. The central bank also clarified that individuals are prohibited from transferring crypto assets from regulated digital accounts to personal self-custody wallets.
Open source - CB
Crypto BriefingArticle ·
Russia plans to ban direct peer-to-peer crypto trades from July 2027 Russia's crypto trade regulation may drive informal markets, impacting domestic crypto accessibility and potentially altering global trade dynamics. The post Russia plans to ban direct peer-to-peer crypto trades from July 2027 appeared first on Crypto Briefing .
Open source - CB
Coin Bureau@coinbureauPost on X ·
🚨BREAKING: Russia reportedly PLANS to BAN retail crypto transfers to self-custody wallets and direct P2P trading from July 1, 2027, the Moscow Times reports. Crypto trading would require central bank-approved intermediaries and mandatory investor knowledge qualification tests. Unqualified investors would also face an annual purchase limit of 300,000 rubles ($3,690) per intermediary.
Open source - CB
Crypto BriefingArticle ·
Russia to ban direct P2P crypto trades starting July 2027 Russia's P2P crypto trade ban may centralize control, impacting market freedom, accessibility, and potentially lowering Bitcoin's price. The post Russia to ban direct P2P crypto trades starting July 2027 appeared first on Crypto Briefing .
Open source - CT
Coin TelegraphArticle ·
Russia to ban direct peer-to-peer crypto trades starting July 2027 Russia plans to ban direct P2P crypto trades from July 1, 2027, while separate rules already prohibit transfers from digital accounts to self-custody wallets.
Open source - CB
Coin Bureau@coinbureauPost on X ·
🚨BREAKING: Russia reportedly plans to BAN retail crypto transfers to self-custody wallets and direct P2P trading from July 1, 2027, the Moscow Times reports. Crypto trading would require licensed intermediaries, with unqualified investors CAPPED at $3,690 in annual purchases per provider.
Open source