Bank of Russia Rules Out Crypto Wallet Restrictions for Cross-Border Payments

HIGHLIGHTS Bank of Russia confirms self-custody wallet restrictions will not apply to international crypto payments. Russia will restrict domestic peer-to-peer crypto transactions from July 1, 2027, under its new regulatory framework. Bank of Russia registers NAUFOR as a crypto industry oversight body to supervise licensed exchanges and depositories. The Bank of Russia has confirmed that restrictions on self-custody crypto wallets will not apply to cross-border payments. According to the report, First Deputy Governor Vladimir Chistyukhin clarified the exemption for international settlements.