PANews|May 22, 2026 01:36
[Final Version of Russian Crypto Bill to Retain Ban on Non-Custodial Wallets, Except for Foreign Trade Participants]
According to Bits.media, Russian Deputy Finance Minister Ivan Chebeskov stated that the final version of the government's crypto market regulation bill will retain the ban on transfers from Russian custodial wallets to non-custodial foreign wallets. More lenient conditions will only apply to participants in foreign trade activities, such as importers. Chebeskov mentioned that after the law comes into effect, the effectiveness of the new regulatory framework will be analyzed, and the use of non-custodial wallets may be allowed in an experimental mode in the future. The final version of the bill will be ready next week, and the Deputy Finance Minister hopes it can be passed before the end of the State Duma's spring session. Previously, the Duma Financial Market Committee opposed the central bank's stance on banning transfers to non-custodial wallets and proposed providing judicial protection for all crypto asset holders.
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