Bank of Russia to ban retail crypto transfers to non-custodial wallets

The Bank of Russia says individuals cannot move digital currency from regulated accounts to non-custodial wallets, and Sberbank won approval to run crypto exchange services on the same day Russia has opened the front door to crypto and locked the back one. On October 15, 2026, the Bank of Russia said individuals are prohibited from moving digital currency out of regulated accounts and into non-custodial wallets. Buy Bitcoin through a licensed platform, and that Bitcoin stays inside the licensed system. Withdrawing it to a wallet only you control is off the table. The timing was hard to miss. On the same day, the central bank authorized Sberbank, the country’s largest bank, to offer crypto exchange services.

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