Russia to phase out P2P crypto transaction in July 2027 as exchanges receive licenses

Crypto Insight Summary: Russia’s central bank has made it clear that the country’s new “digital currency” law prohibits peer-to-peer (P2P) crypto transactions as well as transfers to non-custodial wallets. The latest statements from the regulator come after it authorized more than 10 organizations to operate as cryptocurrency exchanges, including the state-owned giant Sberbank. Russians not allowed to make... Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Russia's P2P ban limits crypto accessibility, reducing demand and liquidity in the mid-term.