Increased Pressure on P2P Service Users in Russia Amid Regulatory Scrutiny
By Anastasia Trofimova
Updated August 28, 2025
Russia is experiencing a noticeable intensification of regulatory pressure targeting users of peer-to-peer (P2P) cryptocurrency services. Reports from market participants over recent weeks indicate a growing focus from authorities, particularly the Federal Tax Service (FTS), on scrutinizing the incomes and sources of funds of individuals engaged in P2P cryptocurrency trading.
Tax Authorities Step Up Oversight
According to users active in the P2P crypto markets, the Federal Tax Service has begun actively requesting detailed financial information. They are receiving relevant data directly from banks, enabling more targeted investigations. Several individuals have disclosed receiving calls from tax inspectors questioning their declared incomes for the year 2024. These inquiries often probe who submitted their 3-NDFL tax declaration forms — whether it was the taxpayer themselves or done through their employer. Trusted sources confirm that multiple market users have already been contacted in this manner.
Tighter Banking Controls Beginning September
Starting September 1, Russian banks will enhance their monitoring of cash withdrawal transactions. This measure adds an additional layer of pressure on users participating in cryptocurrency schemes and P2P trading platforms. The increased banking oversight is part of an effort to clamp down on unregulated flows of digital assets and improve transparency within the financial system.
Central Bank’s “CryptoBasel” Initiative on the Horizon
Looking ahead, the Central Bank of Russia has announced plans to implement a regulatory framework known as “CryptoBasel” by 2026. Modeled after international banking compliance standards, this project will introduce new rules for banks operating with cryptocurrencies. The initiative aims to harmonize Russia’s crypto regulatory environment with global best practices, further tightening controls over crypto activities.
Impact on the Crypto Market and Users
These developments signal a more cautious regulatory stance by Russian authorities towards cryptocurrency activities, particularly informal P2P operations often viewed as difficult to monitor. Traders and investors may face greater compliance requirements and scrutiny regarding their transactions and tax reporting. Users of P2P platforms should prepare for increased oversight and ensure adherence to regulatory obligations to avoid potential penalties.
Stay informed with the latest updates and expert analyses on the cryptocurrency market on our website. If you are considering entering the crypto space or seeking insight into the most advantageous cryptocurrencies to invest in currently, be sure to read our detailed guide [here].
About Cryptonews:
Cryptonews has been providing authoritative cryptocurrency news for over a decade. Our seasoned team of journalists and analysts are experts in blockchain technology and market dynamics, offering reliable, fact-checked information to help readers navigate the fast-paced crypto world. With over 2 million monthly readers and more than 250 in-depth reviews and articles, we remain a trusted source for both newcomers and experienced enthusiasts.
Follow us for continuous updates and market insights.