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Russia to Restrict Self-Custodial Crypto Wallets, Excluding Retail Investors

Regulation & Policy

2026-06-10 01:21:46

According to Bits.media citing Russian Finance Ministry Deputy Ivan Chebeskov, Russia plans to restrict self-custodial crypto wallet usage to a limited number of legal entities while barring retail investors. Non-custodial wallet assets may only be withdrawn to verified custodial wallets from regulated Russian exchanges, and domestic holdings cannot be transferred to foreign non-custodial addresses. The country's crypto bill passed a first reading in the State Duma and is preparing for a second reading, which may introduce additional transaction fees on certain cryptocurrencies including USDT to discourage their use.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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