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Russia to ban direct peer-to-peer crypto trading from July 2027

Russia will ban individuals from directly trading cryptocurrencies with each other from July 1, 2027, blocking peer-to-peer transactions conducted without intermediaries, Cointelegraph reported. Under the measure, retail investors will be able to buy and sell crypto only through approved intermediaries. The central bank also reaffirmed that moving crypto from digital accounts to self-custodied, non-custodial wallets in a person’s own name will not be allowed. Sberbank has been approved to offer crypto exchange services.