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Russia Bans P2P Crypto Transactions Starting July 2027
The Central Bank of Russia has banned transactions between Russian citizens using self-custody wallets or from a regulated broker to a self-custody wallet starting July 1, 2027. The institution stressed that these transactions can only be made using regulated brokers. P2P crypto transactions between Russian residents are allowed until July 1, 2027, and withdrawals from digital currency accounts hosted by licensed exchanges to self-custody wallets are also prohibited.