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.

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