Russia Will Soon Ban Peer-to-Peer Bitcoin Trading, Central Bank Confirms
Russians have until July 1, 2027 to buy and sell crypto directly with each other. After that, every trade runs through a broker or exchange approved by the Bank of Russia.
AI summary
Russia's central bank has confirmed it will ban peer-to-peer Bitcoin trading, giving citizens until July 1, 2027 to buy and sell crypto directly with each other. After that deadline, all trades must go through a broker or exchange approved by the Bank of Russia. The move restricts direct crypto access for Russian users and could reduce local trading volumes, though the long lead time and the fact that regulated venues remain available limit the immediate market impact.
Narrative history
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55M AGOYou’re reading thisRussia Will Soon Ban Peer-to-Peer Bitcoin Trading, Central Bank ConfirmsDecrypt · Score 75
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4H AGOThe Defiant · Score 75 · via Russia, Peer
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5H AGOCrypto Briefing · Score 75 · via bans, Russia
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6H AGOCrypto Briefing · Score 65 · via peer-to-peer, peer-to-peer peer-to-peer
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7H AGOCointelegraph · Score 65 · via peer-to-peer, peer-to-peer peer-to-peer
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23H AGOBitcoin Magazine · Score 75 · via Russia Central, Russia
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14 OCT · 19:46Decrypt · Score 75 · via Russia, Sberbank
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14 OCT · 04:08CryptoPotato · Score 55 · via Sberbank, Russia
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13 OCT · 12:22Cointelegraph · Score 47 · via Sberbank, Russia
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13 OCT · 11:02CoinDesk · Score 47 · via approval trade, Sberbank
