Russia to ban direct P2P crypto trading from July 2027 under new rules

Russia has set July 1, 2027, as the cutoff for direct peer-to-peer cryptocurrency trading, requiring residents to use authorized intermediaries while restricting withdrawals from regulated digital accounts to personal wallets. Summary July 1, 2027, will end direct cryptocurrency trades between individuals outside authorized intermediaries. Regulated digital accounts face separate restrictions on transfers to personal noncustodial wallets. Non-qualified investors can buy up to 300,000 rubles of eligible cryptocurrencies annually through each intermediary. Sberbank and Moscow Exchange have announced plans to introduce cryptocurrency services on Dec. 1. The Bank of Russia clarified in guidance updated on Oct. 12 that Article 30 of Federal Law No. 282-FZ permits direct transactions between individuals only until the July 2027 deadline. Under the regulator’s explanation, residents must subsequently transact through, or directly with, authorized providers, including licensed brokers and registered cryptocurrency exchange operators. Russia’s P2P crypto deadline requires authorized intermediaries For residents who currently buy or sell cryptocurrency directly with another person, the centr...