Russia's final cryptocurrency regulatory bill will maintain a ban on transferring funds from Russian custodial wallets to non-custodial foreign wallets, with exceptions for importers involved in foreign trade. Ivan Chebeskov, Deputy Minister of the Russian Ministry of Finance, confirmed the decision, noting that the government will assess the law's effectiveness post-implementation and may consider experimental use of non-custodial wallets in the future.
The bill, which passed its first reading on April 21, is expected to be finalized next week and aims for passage before the State Duma's spring session ends. It mandates that from July 1, digital assets can only be purchased through licensed intermediaries, and access to foreign crypto platforms will be restricted to a Central Bank-approved list. Exchanges that have sanctioned Russia will remain inaccessible.
Russia's Crypto Bill to Uphold Ban on Non-Custodial Wallet Transfers
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