Regulation· ★★★★· bearish·

Bank of Russia bans crypto transfers from regulated accounts to self-custody wallets

  • —Transfers from regulated accounts to self-custody wallets are banned as of October 15, 2026
  • —Sberbank received central bank approval for crypto exchange services the same day
  • —Peer-to-peer trades remain legal until July 1, 2027, after which only licensed intermediaries may operate
  • —A 300,000 ruble annual retail purchase cap and a ban on crypto payments stay in place
Why it matters: Russia is legalizing crypto purchases while cutting the market off from DeFi and self-custody, likely reducing P2P volumes after 2027.
#BTC
Source: Crypto Briefing
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