Russia plans to ban individuals from directly conducting cryptocurrency P2P transactions starting July 2027 and restrict transfers to self-custodial wallets.

PANews October 15 news, according to Cointelegraph, the Central Bank of Russia stated that starting July 1, 2027, direct peer-to-peer (P2P) cryptocurrency transactions between individuals will be prohibited, and such transactions must be conducted through authorized intermediaries. In addition, the regulator made it clear that individuals may not transfer crypto assets from digital accounts to their own non-custodial or self-custodial wallets.