The Bank of Russia has officially confirmed that starting July 1, 2027, direct peer-to-peer cryptocurrency transactions will be banned. Under the new rules, all crypto trades must be carried out through authorized intermediaries, effectively removing direct trading between individuals.
In addition, individuals will be prohibited from transferring crypto assets from regulated digital accounts to personal wallets. The central bank says the measures aim to tighten control over cryptocurrency flows, reduce risks associated with unregulated trading, and improve consumer protection.
The announcement reflects a broader global shift toward stricter crypto oversight. Market reaction has been cautious, with low trading volume and limited price moves, as traders assess compliance implications and the potential impact on liquidity and user engagement.
Key elements include the mandatory use of authorized intermediaries, a ban on transfers from regulated accounts to private wallets, and an effective date of July 1, 2027. Market participants are expected to monitor how exchanges adjust their compliance procedures and whether trading shifts toward authorized platforms.
