Russia’s Central Bank plans to prohibit individuals from directly buying and selling cryptocurrency to each other starting July 1, 2027, according to The Moscow Times on October 15.
The Moscow Times reported that peer-to-peer (P2P) cryptocurrency transactions between individuals will remain permitted only until that date. Afterward, Russians will have to conduct such transactions through regulated intermediaries, including licensed brokers and registered cryptocurrency exchanges.
We bring you stories from the ground. Your support keeps our team in the field.
According to the outlet, the restrictions will also affect cryptocurrency transfers within Russia’s regulated financial infrastructure. The Central Bank will not permit…
