Decentralization has been talked about for over a decade, and a single Russian directive has made it crystal clear: the coins are still yours, but you can only use them on platforms they approve.
Central bank directive: Starting July 1, 2027, individuals must trade cryptocurrencies through licensed brokers; direct P2P trading will be illegal. Even mentioning your own cold wallet is off-limits. Retail investors will face an annual purchase cap of 300,000 rubles. Sberbank, the country’s largest bank, has already obtained a license and will launch trading on December 1.
Background: After Binance left in 2023, Russians relied entirely on P2P to stock up on USDT—sending rubles to sellers and receiving USDT in return. The new rules effectively rip out this grassroots channel by the roots and funnel all the traffic to licensed institutions.
The endgame for compliance is licensed institutions absorbing everything. “Not your keys, not your coins” has become dark humor. Pick a side in the comments: A. Better to regulate early; compliance is the right path / B. Ban P2P today, and tomorrow they’ll come for your cold wallet
$BTC $USDT $ETH
#俄罗斯 #CryptoRegulation
Central bank directive: Starting July 1, 2027, individuals must trade cryptocurrencies through licensed brokers; direct P2P trading will be illegal. Even mentioning your own cold wallet is off-limits. Retail investors will face an annual purchase cap of 300,000 rubles. Sberbank, the country’s largest bank, has already obtained a license and will launch trading on December 1.
Background: After Binance left in 2023, Russians relied entirely on P2P to stock up on USDT—sending rubles to sellers and receiving USDT in return. The new rules effectively rip out this grassroots channel by the roots and funnel all the traffic to licensed institutions.
The endgame for compliance is licensed institutions absorbing everything. “Not your keys, not your coins” has become dark humor. Pick a side in the comments: A. Better to regulate early; compliance is the right path / B. Ban P2P today, and tomorrow they’ll come for your cold wallet
$BTC $USDT $ETH
#俄罗斯 #CryptoRegulation