Russia Sets 2027 Deadline to Shut Down Private Crypto P2P Trades

Starting 1 July 2027, Russians will no longer be allowed to buy or sell crypto directly from one another. The central bank made clear that all such transactions must route through officially licensed operators.

The rule comes from Federal Law 282-FZ passed in August 2026. Until the deadline, people can still send rubles to a private seller and receive coins in a personal wallet.

After the cutoff, banks will reject transfers if they suspect payments to unauthorized intermediaries. Owning crypto stays legal, but buying and selling will move exclusively to regulated exchanges and depositories.

The first four licensed exchangers and five depositories, among them VTB, were added to the central bank registers on 6 October, forming the new infrastructure for these trades.

Based on information from cryptonews.net