Russia to ban direct peer-to-peer crypto trades starting July 2027
60-second summary
Russia will ban direct peer‑to‑peer crypto trades effective July 1, 2027, adding to existing regulations that already forbid transferring funds from digital‑exchange accounts to self‑custody wallets. The new rule forces users to route transactions through licensed intermediaries, tightening state control over crypto flows and likely curbing retail trading volume while prompting investors to seek offshore platforms.
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.