Russia plans to ban direct peer-to-peer crypto trades from July 2027

Russia plans to ban direct peer-to-peer crypto trades starting July 1, 2027. This regulation may drive the growth of informal markets, affecting domestic crypto accessibility and potentially altering global trade dynamics. Additionally, separate existing rules already prohibit the transfer of assets from digital accounts to self-custody wallets. These combined measures represent a significant shift in how the country regulates cryptocurrency transactions and the movement of digital assets within its borders and internationally.