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Russia to Ban Direct Person-to-Person Crypto Trades in July 2027

Russia will prohibit direct person-to-person cryptocurrency trades starting in July 2027, according to a report by The Moscow Times. The measure would close off informal peer-to-peer exchanges between individuals, a common channel for crypto transactions. Details on enforcement, penalties, and how the ban fits into Russia's broader regulation of digital assets remain sparse, and reaction from crypto users and industry figures has not yet been widely reported.

Why now: The reported ban affects how Russians can legally exchange cryptocurrency, raising concerns among traders and the crypto community.

RussiaThe Moscow Times

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