Russia Will Soon Ban Peer-to-Peer Bitcoin Trading, Central Bank Confirms
What Decrypt reports, why it matters and what remains unconfirmed.
The story in one view
- Reported by
- Decrypt
- Coverage lens
- Policy and regulation
- Published
- Evidence status
- Single attributed publisher report
What Decrypt reports
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.
The immediate significance
Bank-distributed crypto trading would put access inside an existing customer relationship rather than a crypto-only venue. The launch date, eligibility, custody and fees will determine how material that access becomes.
What remains unknown
- Customer eligibility, fees, custody arrangements and complete launch conditions are not supplied in the publisher summary.
- No matched primary document independently supporting the central claim is linked to this page.
The named assets, right now
Spot quotes from Kraken, checked .
Related Articles And Podcast
Further reporting and analysis on this story.
Bank Leumi and Galaxy target early 2027 for in-app crypto trading
A bank-integrated route could remove account-opening and transfer friction for customers who already use Leumi. Its significance will depend on the final custody, execution, pricing, withdrawal, compliance and customer-protection terms—not simply on the presence of three assets inside an existing app.
Read the full articleRussia’s Biggest Bank Embraces Bitcoin as a $739B Liquidity Drain Looms
Russia’s largest bank is preparing to accept Bitcoin, Ethereum and USDT as collateral for loans — while openly questioning whether anybody actually wants…
Read the notes and play the episode