Russia to phase out P2P crypto transaction in July 2027 as exchanges receive licenses

Russia’s central bank has made it clear that the country’s new “digital currency” law prohibits peer-to-peer (P2P) crypto transactions as well as transfers to non-custodial wallets. The latest statements from the regulator come after it authorized more than 10 organizations to operate as cryptocurrency exchanges, including the state-owned giant Sberbank. Russians not allowed to make private crypto transfers Recently adopted regulations do not permit direct cryptocurrency transfers between individuals, the Central Bank of Russia (CBR) has clarified. Quoted by the TASS news agency on Thursday, the monetary authority referred to the Russian law “On digital currencies and digital rights”, stressing: “No, transfers of digital currency between individuals are not permitted under Part 5 of Article 31 of Federal Law No.

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