Russia's central bank announced that direct peer-to-peer cryptocurrency transactions between individuals will be prohibited starting July 1, 2027. Under the new regulations, all such transactions must be conducted exclusively through authorized intermediaries. The regulator also clarified that individuals will be barred from transferring crypto assets from digital accounts to non-custodial or self-custody wallets. These restrictions mark a significant tightening of Russia's cryptocurrency regulatory framework aimed at channeling digital asset activity through regulated entities.