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
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
