Russia Will Soon Ban Peer-to-Peer Bitcoin Trading, Central Bank Confirms
60-second summary
Russia will ban peer‑to‑peer Bitcoin trading after July 1 2027, forcing all transactions to route through Bank of Russia‑approved brokers or exchanges. The deadline gives users until that date to complete direct trades, after which unlicensed P2P activity becomes illegal. This restriction tightens state control, likely pushing volume toward regulated platforms and impacting market liquidity.
Russians have until July 1, 2027 to buy and sell crypto directly with each other. After that, every trade runs through a broker or exchange approved by the Bank of Russia.