Bank of Russia Keeps Overseas Crypto Transfers Open
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5 Articles
The crypto regulation in Russia leaves open the path of payments with foreign countries, but tightens on internal transfers. This is confirmed by the Bank of Russia on October 29. Key points Self-custody wallets remain usable for international regulations. Small investor purchases are limited to 300,000 rubles per year by intermediary. [...]
Bank of Russia Keeps Overseas Crypto Transfers Open
TLDR The Bank of Russia has exempted international crypto settlements from restrictions on self-custody wallets. First Deputy Governor Vladimir Chistyukhin confirmed that non-custodial wallets remain available for cross-border transactions. Direct transfers from regulated Russian digital accounts to personal wallets remain restricted. Russian investors can use regulated foreign custodial platforms to transfer eligible assets to personal wallets…
The Bank of Russia clarified that restrictions on self-security wallets will not reach international payments with cryptocurrencies, although domestic operations will remain under a stricter framework.
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