P2P Trading

Policy Regula

2026-10-16 10:31:01

France weighs a 31.4% tax on stablecoin swaps as Russia sets an end date for direct P2P crypto trades

France and Russia are moving on two different parts of the crypto market, but both are pointing to the same destination: tighter state control by 2027. According to market coverage cited from Coin Bureau and policy disclosures tracked by CoinMarketCap, a budget amendment under discussion in France would classify conversions into European Union MiCA-compliant electronic money tokens, or EMT stablecoins, as taxable disposals. The proposal would apply the country’s default 31.4% capital gains tax rate and, if adopted, would take effect on Jan. 1, 2027. That would mark a break from the current treatment in which crypto-to-crypto swaps, including moves into stablecoins such as USDT and USDC, generally do not trigger taxation so long as funds are not cashed out into bank-account fiat. In Russia, the central bank has set July 1, 2027, as the deadline for lawful direct peer-to-peer crypto trading between individuals. After that date, crypto-fiat exchange and transfers would have to go through authorized intermediaries, including licensed operators, digital financial asset platforms, or controlled brokers. The report says the French tax proposal previously faced procedural resistance, while Russia’s rules on admitting authorized intermediaries are expected to be submitted to the State Duma later this year.

10

France

2026-10-16 10:10:10

France proposes a 31.4% tax on regulated stablecoin conversions as Russia sets an end date for direct P2P crypto trades

France and Russia are moving on separate fronts to tighten crypto oversight, with both policy tracks converging on 2027. In France, a budget amendment under discussion in the National Assembly would treat conversions of appreciated crypto holdings into electronic money tokens, or EMT stablecoins, that comply with the European Union’s Markets in Crypto-Assets framework as taxable disposals. The proposal would apply the country’s default 31.4% capital gains tax rate and, if adopted, would take effect on Jan. 1, 2027. That would mean tax could be triggered even when an investor shifts from assets such as BTC or ETH into regulated stablecoins inside a self-custodied wallet without moving funds into the banking system. In Russia, the central bank has outlined a different form of restriction aimed at market structure rather than taxation. Under its latest plan, direct person-to-person over-the-counter crypto transactions would remain legal only until July 1, 2027. After that date, any conversion or transfer involving crypto assets and fiat money would need to go through authorized intermediaries, including licensed operators, digital financial asset platforms, or supervised brokers. According to the report, France’s Assembly is expected to resume debate on the full budget text around Oct. 20 and vote the same day on the fiscal draft containing the stablecoin tax clause, while the Bank of Russia’s detailed rules for authorized intermediaries are set to be submitted to the State Duma later this year.

20

Bank of Russi

2026-10-15 14:31:53

Russian central bank says direct crypto P2P trading for individuals will remain in place until July 2027

Russia’s central bank has said in updated regulatory guidance that individuals will be allowed to conduct direct peer-to-peer crypto asset transactions until July 1, 2027, according to Cointelegraph. After that date, such transactions must be carried out through authorized intermediaries. The guidance also states that individuals are not allowed to transfer crypto assets from digital accounts to self-custodied wallets. The move comes as Russia broadens its regulated crypto market. New crypto asset rules are set to take effect on Sept. 1, placing trading operators and custodians under the supervision of the Bank of Russia. At the same time, the country continues to prohibit the use of cryptocurrencies for payments for goods and services. Russia’s largest bank, Sberbank, has already been approved to offer crypto asset trading services after previously receiving approval to act as a digital asset custodian. Separately, Jan3 CEO Samson Mow said P2P trading is more resilient to regulatory pressure than centralized platforms.

20

Russia

2026-10-15 14:31:23

Russia to end direct retail P2P crypto trading by July 2027, bars transfers to self-custody wallets

Russia’s central bank said in updated guidance that retail investors will only be able to conduct direct peer-to-peer crypto asset transactions until July 1, 2027. After that date, such trades must go through authorized intermediaries. The guidance also states that individuals are not allowed to move crypto assets from digital accounts to self-custody wallets. The move comes as Russia expands its regulated crypto market. Sberbank, the country’s largest bank, has been cleared to offer crypto asset trading services after previously receiving approval to act as a digital asset custody institution. New crypto asset rules are set to take effect on Sept. 1 and will place trading operators and custodians under Bank of Russia supervision. Russia still bans the use of cryptocurrencies to pay for goods and services. Jan3 CEO Samson Mow said P2P trading is more resilient to regulatory crackdowns than centralized platforms, according to Cointelegraph.

10

Chainalysis

2026-10-05 13:11:01

Chainalysis says China’s P2P stablecoin wallets jumped 43-fold from Q1 2024 to Q2 2026

A Chainalysis report, cited by Cointelegraph, says the number of unique wallets in China sending peer-to-peer stablecoin transactions increased 43 times between the first quarter of 2024 and the second quarter of 2026. During the July 2025 to June 2026 reporting period, Chainalysis recorded 18.1 million transfers linked to self-custodied stablecoin holdings in China, with a total value of $104.1 billion. The annual turnover rate of those holdings reached 33.2 times, more than triple the global average of 9.3, which Chainalysis said is consistent with users treating stablecoins as working capital. The firm estimated China’s crypto economy at no less than $176 billion, with domestic P2P activity accounting for 59.1% of the total. The report also compared China with other East Asian markets, noting South Korea’s $449.1 billion crypto economy and Hong Kong’s higher share of institutional-platform inflows and nearly $24 billion in business-to-business inflows.

400

NoOnes

2026-08-19 02:05:38

NoOnes to wind down P2P crypto platform, sets Aug. 23 withdrawal deadline

NoOnes said it is beginning a phased shutdown of its P2P crypto trading platform after operating for more than three years. The team said attempts to remove sanctions tied to NoOnes were unsuccessful, and that those sanctions cost the company key partners. It also said blockchain monitoring services had flagged transactions connected to NoOnes as high risk, creating major barriers to continued operations. According to the company, the P2P trading platform will shut down at 7:59 on Aug. 22, 2026, and users must complete withdrawals no later than Aug. 23. As part of the liquidation process, accounts currently under freeze will be converted to banned status. After that change is completed, affected customers will be able to log in and withdraw available funds. The announcement lays out both the operational cutoff and the steps users with restricted accounts should expect during the wind-down.

1540

NoOnes

2026-08-18 15:35:43

NoOnes to wind down operations, shut P2P marketplace on Aug. 21

Peer-to-peer crypto trading platform NoOnes said it will begin a phased shutdown after operating for more than three years, citing sanctions that it said could not be resolved or lifted. According to the company, those sanctions led to the loss of key partners, while blockchain monitoring firms flagged transactions linked to NoOnes as high risk, making normal operations increasingly difficult. The wind-down began on Aug. 17. NoOnes said its P2P marketplace will close at 23:59 UTC on Aug. 21. Other services, including Swap, NoOnes Visa, fiat withdrawals, the gift card store, and the Bitcoin Lightning Network, will also be discontinued in stages. After that, the platform will switch to withdrawal-only access, allowing users to log in, check balances, and withdraw remaining assets. The company urged users to withdraw funds as soon as possible, with Aug. 23 given as the latest date. BlockBeats also noted that NoOnes had previously disclosed a major security breach earlier in January 2025 that resulted in roughly $8 million in crypto losses. CEO Ray Youssef confirmed the incident after on-chain investigator ZachXBT disclosed the hack in his Telegram channel.

1360

P2P Trading

2026-07-23 02:10:14

P2P Crypto Trading Explained: Escrow, Workflow, Risks, and Use Cases

P2P crypto trading lets buyers and sellers set price, payment method, and terms directly, while platforms handle escrow and disputes. This article breaks down the workflow, benefits, payment options, and risks.

1870