Russia To Ban Peer-To-Peer Crypto Trades Starting July 2027
The Bank of Russia says person-to-person crypto trades become illegal on July 1, 2027, leaving licensed intermediaries as the only legal route and barring transfers to self-custody wallets.
The Bank of Russia says person-to-person crypto trades become illegal on July 1, 2027, leaving licensed intermediaries as the only legal route and barring transfers to self-custody wallets.
Putin signed Russia’s first comprehensive cryptocurrency law on August 6, establishing licensed exchanges, brokers, and custodians under Bank of Russia oversight. Core provisions take effect September 1, 2026. Crypto remains banned for domestic payments but is explicitly permitted for foreign trade — a direct instrument for sanctions-proof cross-border settlements.