Russia will stop personal P2P cryptocurrency transactions in July 2027, with 11 institutions licensed
Russia to phase out P2P crypto transaction in July 2027 as exchanges receive licenses
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The Central Bank of Russia has clarified that P2P cryptocurrency transfers between individuals may only be conducted until July 1, 2027; after that, digital currencies must be transferred through approved custodial wallets. The Central Bank of Russia has authorized 11 institutions to conduct cryptocurrency trading business, including Sberbank; at present, the only assets available for retail investors to trade are Bitcoin, Ethereum, and Tether’s USDT.
The article outlines Russia’s transition from personal P2P transfers to licensed custody and trading, and lists authorized institutions including Sberbank, as well as the range of assets available for retail trading.
Source:Cryptopolitan · cryptopolitan.com