Crypto: Russia to Shut Down P2P Trading in 2027

Russia will close an important door of its crypto market. From July 1, 2027, two individuals will no longer be able to buy or sell bitcoin or other cryptocurrencies directly between themselves. The Bank of Russia just confirmed this in an FAQ published on October 12. Transactions will have to go through an authorized intermediary, including a broker or a platform registered with the regulator. The Bank of Russia now leaves little room for doubt. Its new regulatory FAQ specifies that crypto transactions made directly between two individuals are only permitted until July 1, 2027. After this date, Federal Law No. 282-FZ will no longer include them in authorized operations without an intermediary. This restriction was already in preparation when the Duma adopted its new crypto framework in July .

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