Russia to Bar Direct P2P Crypto Trades and Self-Custody From July 2027
The Bank of Russia says peer-to-peer crypto transactions between individuals will no longer be permitted after July 1, 2027, pushing trades onto authorized intermediaries.
AfroEuropa Newsroom
AfroEuropa desk
Russia will prohibit direct peer-to-peer cryptocurrency transactions between individuals starting July 1, 2027, according to updated guidance from the Bank of Russia. After that date, traders will be required to route transactions through brokers, exchanges, or other intermediaries approved by the central bank.
The central bank clarified that direct transactions between individuals will no longer count as permitted cryptocurrency operations once the deadline passes, as reported by BitKE and Decrypt. The new rules also restrict individuals from moving cryptocurrency held in regulated digital accounts to their own non-custodial wallets, where users retain control of their private keys.
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