Russia Will Soon Ban Peer-to-Peer Bitcoin Trading, Central Bank Confirms

Russia plans to implement a ban on direct peer-to-peer (P2P) trading of cryptocurrencies, including Bitcoin, effective July 1, 2027. Following this date, all transactions will be required to go through brokers or exchanges that have received official approval from the Bank of Russia. This regulatory shift aims to centralize control over crypto trading within the country, fundamentally altering how Russians can buy and sell digital assets and impacting their financial sovereignty.