Russia to Ban P2P Crypto Transfers by July 2027 as 11 Firms Get Licenses
- —P2P crypto transfers between individuals allowed only until July 1, 2027
- —Transfers to non-custodial wallets are not permitted under the law
- —11 entities licensed, including Sberbank, MOEX and SPB Exchange
- —Retail investors limited to BTC, ETH and USDT
Why it matters: Russia is confining crypto circulation to state-approved infrastructure, curtailing the P2P market and non-custodial wallets.
Source: Cryptopolitan
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