# Russia Plans 2027 Ban on Crypto Trading Through Self-Custody Wallets

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/34363
Published: 2026-10-18T12:18:27.000Z
Updated: 2026-10-18T12:18:27.000Z
Section: Regulation

> The rules would also block broker-to-wallet transfers and withdrawals from exchange accounts. Russia currently has 13 authorized crypto trading institutions.

Russia's central bank plans to prohibit residents from trading crypto through self-custody wallets beginning July 1, 2027, channeling those transactions through licensed brokers and exchanges.

The prohibition covers trades made through self-custody wallets and transfers from regulated brokers into those wallets. It also bars transfers between licensed exchange accounts held by different people. Customers could not withdraw from an exchange account to a self-custody wallet, even when both accounts belong to the same person. Under the framework, residents would need to use licensed brokers or exchanges for crypto trading.

Thirteen institutions are currently authorized to provide digital-currency trading services, including VTB Bank and Sberbank.

Deputy Finance Minister Ivan Chebeskov estimated that about 20 million Russians hold crypto assets worth nearly $44 billion. Sberbank Deputy Chairman Anatoly Popov expects only about 20% of Russian crypto trading volume to move to licensed exchanges under the new rules.

The restrictions are scheduled to take effect July 1, 2027.