Russia blocks Bitcoin transfers to self-custody wallets
As the Bank of Russia moves to regulate the mainstream adoption of cryptocurrency in the country through the Federal Law No. 282-FZ, which sets the legal rules for cryptocurrencies and digital rights in Russia, the central bank has established that transactions must be conducted strictly through state-supervised intermediaries and organized trading. The Bank of Russia updated that transfer of digital currency including Bitcoin (BTC), Ethereum (ETH) and XRP to non-custodial or self-custody crypto wallets – applications that generate, store, and use users’ private keys locally to sign transactions directly on a blockchain – is prohibited, according to its October 12, 2026, note, which Finbold analyzed on October 15. Explanation of crypto transfer to self-custody wallets. Source: Central Bank of Russia The Bank of Russia also clarified that crypto transfer from a digital account to a non-custodial wallet of the same individual is not permitted under the ...