Russia Plans 2027 Ban on Crypto Trading Through Self-Custody Wallets

Russia's central bank plans to prohibit residents from trading crypto through self-custody wallets beginning July 1, 2027, channeling those transactions through licensed brokers and exchanges. The prohibition covers trades made through self-custody wallets and transfers from regulated brokers into those wallets. It also bars transfers between licensed exchange accounts held by different people. Customers could not withdraw from an exchange account to a self-custody wallet, even when both accounts belong to the same person. Under the framework, residents would need to use licensed brokers or exchanges for crypto trading.

Also reported by Coincu.

Source: TokenPost