Russia to ban direct peer-to-peer crypto trades starting July 2027

Russia plans to ban direct peer-to-peer cryptocurrency trades starting July 1, 2027, according to Cointelegraph. Separate rules already prohibit transfers from digital accounts to self-custody wallets, tightening restrictions on how Russian users can move and trade crypto. The move signals a broader regulatory crackdown in a major market, which could reduce trading volumes and liquidity for crypto assets used by Russian participants, though the long lead time limits immediate price impact.