The Bank of Russia confirmed on October 12 that direct cryptocurrency trades between individuals will remain legal until July 1, 2027. After that date, Russians must trade Bitcoin and other cryptos through licensed platforms. Transfers to non-custodial wallets and peer-to-peer lending will also be banned. Non-qualified investors are limited to purchasing 300,000 rubles (approximately $3,600) of crypto per year, with only Bitcoin, Ethereum, and USDT available. Sberbank joined the central bank’s cryptocurrency exchange registry on October 12.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
