Russian Central Bank: Restrictions on Non-Custodial Wallets Do Not Apply to Cross-Border Settlements According to TASS, Vladimir Chistyukhin, First Deputy Governor of the Bank of Russia, stated that proposed restrictions on non-custodial crypto wallets under the draft…
gislation regulating cryptocurrency circulation will not apply to international settlements, where the use of non-custodial wallets will remain permitted. Chistyukhin noted that while allowing domestic Russian investors to utilize non-custodial wallets was initially considered during the drafting process, authorities ultimately decided against permitting direct investments via non-custodial wallets due to investor protection concerns, AML requirements, and oversight constraints
However, the forthcoming restrictions do not prevent users from transferring cryptocurrencies from domestic custodial wallets to foreign custodial wallets, and subsequently moving them into non-custodial wallets. — link