Regulation· ★★★★· bearish·

Russia Sets July 2027 Deadline to Ban P2P Crypto Transfers and Self-Custody Withdrawals

  • —The ban covers transfers between individuals and withdrawals from licensed venues to self-custody wallets
  • —Thirteen organizations hold Bank of Russia licenses for digital currency operations, including VTB and Sber
  • —Transfers between accounts of different individuals at licensed exchanges are also prohibited
  • —Sberbank expects only 20% of Russian trading volume to migrate to licensed venues
Why it matters: Russia is bringing its crypto market under full central bank control, a move set to hit P2P volumes and push activity into unregulated channels.
Source: Bitcoin.com
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