Russia Sets July 2027 Deadline to Halt P2P Crypto Transactions

Crypto Insight Summary: The Central Bank of Russia clarified that transactions between Russian citizens using self-custody wallets or from a regulated broker to a self-custody wallet will be banned starting July 1, 2027. The institution stressed that these transactions can only be made using regulated brokers. Bank of Russia Bans Transactions Going to Self-Custody Wallets The Russian government […] Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Minor Impact Horizon: Long-term (1 quarter-1 year) Reasoning: Russia's ban on P2P crypto transactions limits adoption and liquidity, negatively impacting market sentiment.