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Russia's central bank says P2P crypto trades must end by 1 July 2027

NewsFeeds update

Russia's central bank said in updated guidance that direct peer-to-peer crypto trading by individuals will continue until 1 July 2027, after which trades must go through authorised intermediaries, and individuals may not move crypto assets from digital accounts to self-custody wallets. Sberbank has been approved to offer crypto trading services, and Jan3 CEO Samson Mow said P2P trading resists crackdowns better than centralised platforms.

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The story so far: Russia registers first crypto exchanges and custodians

Russia's central bank registered its first crypto exchange operators and custodians under rules effective Sept. 1, including Sberbank, which plans a December launch. The bank now says direct peer-to-peer crypto trading by individuals must end by 1 July 2027, with trades routed through authorised intermediaries and no…

  1. Russia's central bank releases first list of registered crypto businesses

    The Bank of Russia on Oct. 6 published its first list of registered crypto businesses under a law effective Sept. 1, including four exchange operators and five custodians. Sberbank was listed as an approved custodian and plans a Dec. 1 product launch.

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  2. Russia registers first crypto exchanges and custodians; Sberbank plans December launch

    Russia's central bank registered its first batch of crypto exchange operators and digital asset custodians under rules effective September 1, including Sberbank, with 4 exchange operators and 5 custodians and VTB on both lists. Sberbank said it applied for custodian status…

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  3. Sberbank joins Bank of Russia crypto register and will open trading on 1 December

    Sberbank has joined the Bank of Russia's cryptocurrency exchange register, after earlier being added to the digital depository register. Russia's largest bank plans to open crypto trading to all clients on 1 December, is testing Bitcoin, ETH and USDT trading in its app, and crypto payments remain banned.

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  4. Russia's Sberbank cleared to trade crypto, products due 1 December

    Russia's central bank added Sberbank to its register of institutions allowed to trade digital currencies on 12 October, six days after listing it as a digital custodian. Sberbank plans to launch its first crypto products on 1 December, initially supporting Bitcoin, ether and Tether's USDT.

    RegulationOdailyAIBullish

  5. Russia's central bank says P2P crypto trades must end by 1 July 2027

    Russia's central bank said in updated guidance that direct peer-to-peer crypto trading by individuals will continue until 1 July 2027, after which trades must go through authorised intermediaries, and individuals may not move crypto assets from digital accounts to self-custody wallets. Sberbank has been approved to offer crypto trading services, and Jan3 CEO Samson Mow said P2P trading resists crackdowns better than centralised platforms.

    RegulationOdailyAIBearish

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