Russia’s crypto regulations keep overseas payments open but restrict domestic transfers

Russia’s crypto regulations leave a route open for overseas payments even as domestic transfers face tighter controls. On October 29, the Bank of Russia confirmed that non-custodial wallets remain permitted for international settlements, while investors cannot send crypto directly from regulated Russian accounts to personal wallets. Key takeaways Self-custody wallets remain available for international settlements. Ordinary retail purchases are capped at 300,000 rubles annually per intermediary. Direct peer-to-peer transactions have a transition deadline of July 1, 2027. Registered crypto firms face a 90-day self-regulatory membership requirement.