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. Cross-border crypto transfers retain a self-custody route The international settlement exemption permits the use of wallets whose owners control their private keys without an exchange or custodian. First Deputy Governor Vladimir Chistyukhin confirmed the position at a corporate governance forum organized by Moscow Exchange.

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