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…
