Russia to ban P2P crypto trading from July 2027 – Here’s why

Russians have just eight months to trade Bitcoin [BTC], Ethereum [ETH], and other crypto assets with each other. Starting from the 1st of July, 2027, this direct crypto trading among peers that does not need a regulated third party, also known as peer-to-peer (P2P) trading, will become illegal. This is part of Article 30 of the Federal Law No. 282-FZ (On Digital Currencies and Digital Rights). The legislation was signed into law in August by President Vladimir Putin and became effective on the 1st of September 2026. In fact, the same framework allowed a new licensing regime for firms and banks that want to operate crypto exchanges and act as digital asset custodians. Already, Russia’s largest bank, Sberbank, has got two licenses and plans to offer crypto trading from December.

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