Russia Sets July 2027 Ban on Direct Crypto Transfers
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Russia’s central bank says crypto transfers between citizens using self-custody wallets will be banned from July 1, 2027, with transactions required to go through regulated brokers.
The Bank of Russia has clarified that restrictions on peer-to-peer cryptocurrency transfers will take effect on July 1, 2027, according to Bitcoin.com News.
The ban will cover transfers between Russian citizens using self-custody wallets. It will also prohibit transfers from regulated brokers to self-custody wallets.
The central bank said transactions must instead be conducted through regulated brokers. The clarification outlines limits on direct transfers involving wallets that users control themselves.
Source: Bitcoin.com News
