Russian banks block USDT cash-out transfers as P2P trading ban looms in July 2027
- —Banks are blocking transfers made after cash deposits to exchanges in Belarus and the CIS
- —A single USDT arbitrage trade can yield more than 2%
- —From July 1, 2027, P2P crypto trading must go through regulated entities
- —Sberbank plans BTC, ETH and USDT products by December 1
Why it matters: Russia is shutting down a grey channel for cashing out USDT and pushing flows into regulated venues, reshaping P2P liquidity across the CIS.
Source: TokenPost