First Deputy Governor of the Bank of Russia Vladimir Chistyukhin stated that restrictions on non-custodial cryptocurrency wallets in the country's proposed crypto bill do not apply to international settlements. According to TASS, Chistyukhin confirmed that non-custodial wallets remain permitted for use in cross-border payment scenarios despite broader regulatory constraints.
The clarification addresses concerns about how Russia's upcoming cryptocurrency legislation will treat self-custody solutions, specifically carving out an exception for international settlement operations where non-custodial wallets retain legal permissibility.
Bank of Russia Clarifies Non-Custodial Wallet Restrictions Exclude International Settlements
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