Russia will ban direct peer-to-peer crypto trading from July 2027

Summary

Russia plans to ban direct peer-to-peer crypto trades starting July 1, 2027, Cointelegraph and Decrypt reported.

Decrypt, which said the Bank of Russia confirmed the plan, reported that after that date every trade will have to go through a broker or exchange approved by the central bank.

Cointelegraph noted that separate rules already prohibit transfers from digital accounts to self-custody wallets.

The news came a day after Decrypt and Bitcoin Magazine reported that the central bank cleared Sberbank to offer crypto exchange services.

Key facts

• Direct P2P crypto trades will be banned from July 1, 2027. (Cointelegraph)
• After that, trades must go through a broker or exchange approved by the Bank of Russia. (Decrypt)
• Separate rules already prohibit transfers from digital accounts to self-custody wallets. (Cointelegraph)