Politics · Russia · 12 hrs ago
Russia to Ban Direct Cryptocurrency Trades From July 2027
Russia will ban direct cryptocurrency trades between individuals starting July 1, 2027.
The Central Bank says buyers and sellers will have to use state-regulated intermediaries instead.
A law signed by President Vladimir Putin requires crypto trades to go through regulated institutions, including exchanges, brokers and asset managers.
Retail investors will be limited to buying 300,000 rubles of cryptocurrency a year through each intermediary.
The rules give the Central Bank a central role in overseeing crypto trading, and its registry of authorized operators currently has 12 entities.
Exchanges and digital depositories also have until July 1, 2027, to obtain licenses.
The ban covers direct trades, while cross-border crypto settlements remain allowed; cryptocurrency payments within Russia are prohibited.
Russia’s Central Bank says direct cryptocurrency trades between individuals will no longer be legal after July 1, 2027.
Under a law signed by President Vladimir Putin, cryptocurrency purchases and sales must go through institutions regulated by the Central Bank.
Retail investors will be limited to purchases worth 300,000 rubles a year through each intermediary.
The Central Bank has begun building a registry of authorized crypto operators, which currently lists 12 entities.
Cryptocurrency payments inside Russia are prohibited, but cross-border settlements are not.
- Who
- Russian individuals buying or selling cryptocurrency, and Central Bank-regulated intermediaries.
- What
- Direct person-to-person cryptocurrency trades will be removed from the list of legal operations.
- When
- After July 1, 2027.
- Where
- Russia.
- Why
- A law requires cryptocurrency purchases and sales to go through institutions regulated by the Central Bank.
This story does not have two clearly opposing sides.
President Vladimir Putin signed a law requiring cryptocurrency purchases and sales to go through Central Bank-regulated institutions.
The Central Bank had begun building a registry of authorized crypto operators, which included 12 entities.
Direct cryptocurrency trades between individuals will be removed from the list of legal operations.
- Deadline
- July 1, 2027
- Retail purchase limit
- 300,000 rubles a year through each intermediary
- Authorized operators
- 12 entities currently listed in the Central Bank registry
- Examples of operators
- Sberbank and VTB
- Permitted use
- Cross-border settlements are not prohibited by the law
What people are saying
discredits the decisions of the Russian leadership