Russia’s central bank makes a major move: 20 million people hold 3.7 trillion rubles in crypto, and starting in 2027, everyone has to hand over the “keys”! 🔑😂
The Russian central bank just updated its guidelines, and the entire Russian-speaking crypto community is in an uproar: starting July 1, 2027, direct crypto trades between individuals (P2P) will be considered a violation. Even harsher, you won’t be allowed to move crypto from a compliant account into your own wallet—Ledger, MetaMask, none of them. From now on, if you want to trade crypto, you can only go through licensed brokers and government-run channels like Sberbank and VTB.
They’ve also added a “new investor protection package”: ordinary investors have to pass a test before buying crypto, and then they can buy no more than 300,000 rubles’ worth a year (less than $4,000). They’re also limited to BTC, ETH, and USDT.
The official line is that this is to protect investors and prevent money laundering. But Samson Mow of Jan3 poured cold water on that idea: P2P is like a weed. A ban can squeeze compliant exchanges, but it can’t stop on-chain transfers—wallets don’t recognize national borders.
I know exactly where I stand: this ban can control what happens “in the open,” but not what happens “in the shadows.” Its real damage won’t come from enforcement, but from liquidity—20 million people’s buying power will be funneled into a handful of banks, draining the over-the-counter market of depth. The biggest enemy of “decentralization” has never been hackers. It’s the official stamp.
That said, the list of approved coins—BTC, ETH, and USDT—doesn’t miss a beat. The officials have decent taste.
On the very first day, July 1, 2027, will Sberbank’s app get so swamped that it crashes? Let’s hear your thoughts in the comments 👇
Just my personal opinion; not financial advice.
$BTC $ETH $USDT
#俄罗斯监管 #P2P #比特币 #Cryptocurrency
The Russian central bank just updated its guidelines, and the entire Russian-speaking crypto community is in an uproar: starting July 1, 2027, direct crypto trades between individuals (P2P) will be considered a violation. Even harsher, you won’t be allowed to move crypto from a compliant account into your own wallet—Ledger, MetaMask, none of them. From now on, if you want to trade crypto, you can only go through licensed brokers and government-run channels like Sberbank and VTB.
They’ve also added a “new investor protection package”: ordinary investors have to pass a test before buying crypto, and then they can buy no more than 300,000 rubles’ worth a year (less than $4,000). They’re also limited to BTC, ETH, and USDT.
The official line is that this is to protect investors and prevent money laundering. But Samson Mow of Jan3 poured cold water on that idea: P2P is like a weed. A ban can squeeze compliant exchanges, but it can’t stop on-chain transfers—wallets don’t recognize national borders.
I know exactly where I stand: this ban can control what happens “in the open,” but not what happens “in the shadows.” Its real damage won’t come from enforcement, but from liquidity—20 million people’s buying power will be funneled into a handful of banks, draining the over-the-counter market of depth. The biggest enemy of “decentralization” has never been hackers. It’s the official stamp.
That said, the list of approved coins—BTC, ETH, and USDT—doesn’t miss a beat. The officials have decent taste.
On the very first day, July 1, 2027, will Sberbank’s app get so swamped that it crashes? Let’s hear your thoughts in the comments 👇
Just my personal opinion; not financial advice.
$BTC $ETH $USDT
#俄罗斯监管 #P2P #比特币 #Cryptocurrency