[Russia to Ban Direct P2P Crypto Transactions for Individuals Starting July 2027, Self-Custody Wallet Transfers Already Prohibited] Odaily Planet Daily News: The Bank of Russia stated in its updated regulatory guidelines that arrangements for individuals to directly conduct peer-to-peer transactions of crypto assets will continue until July 1, 2027. After that, such transactions must be completed through authorized intermediaries. The Bank of Russia also clarified that individuals are prohibited from transferring crypto assets from digital accounts to self-custody wallets. Russia is expanding its regulated crypto market, with the country's largest bank, Sberbank, already approved to offer crypto asset trading services and previously authorized as a digital asset custody institution. Russia's new crypto asset regulatory rules took effect on September 1, bringing trading operators and custody institutions under the supervision of the Bank of Russia. The country still prohibits the use of cryptocurrencies for payments of goods and services. Jan3 CEO Samson Mow stated that P2P transactions are more resistant to regulatory crackdowns compared to centralized platforms. (Cointelegraph)