Russia will stop permitting direct crypto transactions between individuals after July 1, 2027, pushing lawful activity toward regulated intermediaries.
The Bank of Russia’s official guidance says peer-to-peer transactions remain allowed only until that date. The permitted transaction list under Federal Law No. 282-FZ does not include direct individual-to-individual operations afterward.
The rule targets the transaction channel rather than banning ownership of digital assets. Individuals will need to use entities authorized to organize crypto circulation when buying or selling under the new regime.
Direct P2P markets are often used when banking access is limited or users want to avoid centralized exchange custody. Moving those trades into licensed venues increases identification and monitoring but can also reduce privacy and exclude users who cannot access an approved intermediary.
Implementation details still matter, including the authorized-platform list, treatment of self-custody transfers, enforcement standards and whether offshore services remain accessible.
TOKEN RECON ASSESSMENT
Russia is replacing a tolerated peer market with an intermediary-controlled system. The law’s market impact will depend on whether compliant venues offer sufficient liquidity and whether enforcement reaches informal settlement channels. July 1, 2027 is the operational deadline, not an immediate shutdown.
Sources: Bank of Russia, The Moscow Times.
