Choose Rich Live
Crypto News

Bank of Russia exempts international payments from self-custody wallet restrictions

The Bank of Russia confirmed that proposed restrictions on self-custody crypto wallets will not apply to international payments, preserving their use for cross-border trade settlements while maintaining limits domestically.

Bank of Russia emblem and logo text on a dark background.
Image: @Cointelegraph

The Bank of Russia has confirmed that its proposed restrictions on self-custody cryptocurrency wallets will not apply to international payments, according to reports from Cointelegraph and crypto.news. Non-custodial wallets will remain permitted for cross-border settlements, creating a clear exception to broader limits placed on digital assets.[2][1]

While cross-border transactions are exempt, direct use of non-custodial wallets for domestic cryptocurrency investing remains restricted as Russia builds out its regulated exchange market, crypto.news reported. As noted by Crypto Briefing, the central bank's stance preserves international trade flexibility amid ongoing sanctions while simultaneously tightening government control over domestic digital transactions.[1][3]

Key facts

  • The Bank of Russia confirmed that proposed self-custody wallet restrictions will not apply to international payments.
  • Non-custodial wallets will remain permitted for cross-border settlements.
  • Direct use of non-custodial wallets for domestic crypto investing remains restricted as Russia works to build a regulated exchange market.
  • The carve-out maintains flexibility for international trade amid sanctions while tightening domestic oversight of digital transactions.

Sources 路 3 sources

  1. CN

    crypto.news@cryptodotnewsPost on X 路

    JUST IN: Russia confirms restrictions on self-custody wallets but exempts international crypto payments The Bank of Russia says non-custodial wallets will remain permitted for cross-border settlements, while direct use for domestic crypto investing remains restricted as Russia builds out its regulated exchange market.

    Open source
  2. CO

    Cointelegraph@CointelegraphPost on X 路

    馃嚪馃嚭 NEW: Bank of Russia confirms proposed self-custody wallet restrictions won鈥檛 apply to international payments. https://t.co/l04hVpry2d

    Open source
  3. CB

    Crypto BriefingArticle 路

    Bank of Russia confirms self-custody wallet restrictions exclude international payments Russia's crypto policy maintains international trade flexibility amid sanctions, while domestically tightening control over digital transactions. The post Bank of Russia confirms self-custody wallet restrictions exclude international payments appeared first on Crypto Briefing .

    Open source