🚨 BIG NEWS: Russia to Ban Self-Custody Wallets
Bank of Russia announces residents will be barred from using self-custodial wallets for crypto transactions starting July 1, 2027.
Key Points:
- Transfers from regulated brokers to self-custody wallets will be prohibited
- Transactions allowed only via licensed brokers/exchanges
- 20M Russians hold 3.7T Rubles in crypto
- 20% of trading volume expected to move to licensed exchanges
This is a major move against decentralization. What do you think? Bullish for CEXs like Binance?
#CryptoNews #Russia #Bitcoin #BinanceNews
Bank of Russia announces residents will be barred from using self-custodial wallets for crypto transactions starting July 1, 2027.
Key Points:
- Transfers from regulated brokers to self-custody wallets will be prohibited
- Transactions allowed only via licensed brokers/exchanges
- 20M Russians hold 3.7T Rubles in crypto
- 20% of trading volume expected to move to licensed exchanges
This is a major move against decentralization. What do you think? Bullish for CEXs like Binance?
#CryptoNews #Russia #Bitcoin #BinanceNews