Central Bank to Ban P2P Cryptocurrency Trading Starting in July 2027
Central Bank to Ban P2P Cryptocurrency Trading Starting in July 2027
Starting July 1, 2027, direct cryptocurrency transactions between individuals (P2P) will be banned in Russia. This is stated in a clarification from the Central Bank, TASS reports.
“The list of permitted digital-currency transactions and operations conducted without the participation of entities that organize the circulation of digital currencies [...] does not provide for digital-currency transactions and operations conducted directly between individuals from July 1, 2027,” the regulator said.
In addition, the Central Bank has prohibited individuals from transferring cryptocurrency to their own “cold” (non-custodial) wallets.
Crypto Gets Only the Approved Exits
The Central Bank will ban direct trades and transfers to owners' cold wallets.
Your wallet, the regulator's permission.