Russia tightens crypto rules, limiting peer-to-peer trades and self-custody transfers

According to the Central Bank of Russia, upcoming legislation will limit the ability of individuals to trade cryptocurrencies directly with each other, mandating the involvement of authorized intermediaries such as licensed brokers and exchange operators. The reform targets the widely used peer-to-peer (P2P) model, which many Russian users rely on for rapid buying, selling, or converting crypto into the national currency.

In addition, the new rules set specific requirements for transfers to self-custody digital wallets, clarifying that not all personal wallets will become illegal but that certain operations will be subject to regulatory limits. The legislation, linked to Federal Law No. 282-FZ enacted in August 2026, outlines the framework for these restrictions. Authorities stress that detailed guidance and the full legal text are essential for users to understand the precise boundaries of permissible activity.