TechFlow News, May 22: According to Bits.media, Ivan Chebeskov, Deputy Minister of Finance of Russia, stated that the final version of the government’s cryptocurrency market regulation bill will retain the prohibition on transferring funds from domestically hosted wallets to foreign non-custodial wallets, with more lenient conditions applicable only to participants in foreign trade activities. Officials noted that, once the bill enters into force, authorities may explore use cases for certain non-custodial wallets under an experimental framework; however, related discussions remain ongoing.
The final version of the bill is expected to be completed next week and is likely to be enacted before the conclusion of the current State Duma’s spring session. Under the bill, starting July 2026, individuals and enterprises in Russia will be permitted to legally purchase digital assets only through licensed brokers, trust managers, or exchanges registered with the Central Bank of Russia, while access to foreign cryptocurrency platforms complying with sanctions against Russia will be restricted.
