The Bank of Russia is proposing a 48-hour "cooling-off period" for legal cryptocurrency transactions, according to First Deputy Governor Vladimir Chistyukhin. This measure, part of a new crypto regulation bill, would freeze funds for 48 hours after a transfer to protect non-professional investors from fraud. The regulation applies to transfers between accounts, excluding crypto brokerage services. Originally set to take effect on July 1, the bill's implementation has been delayed, with a new target date of September 1. Additionally, the Bank of Russia is in discussions with Belarusian crypto companies regarding market entry rules. The regulation will permit the use of non-custodial crypto wallets, with transaction limits set at 100,000 rubles. Russian residents can hold crypto assets independently in non-custodial wallets outside Russia, while within Russia, they must use custodial wallets.