Russia Will Soon Ban Peer-to-Peer Bitcoin Trading, Central Bank Confirms
Summary
The Russian central bank has announced an upcoming prohibition on direct peer-to-peer cryptocurrency transactions. Following the enforcement of this new policy, all digital asset trades must be conducted exclusively through state-approved financial intermediaries.
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.
Source: Read the full story at Decrypt
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.