Russia’s central bank has clarified that investors cannot move cryptocurrency from regulated accounts into their own self-custody wallets under the country’s new crypto-market law. The guidance, updated on October 12, cites Article 31(9) of Federal Law No. 282-FZ, which took effect on September 1, 2026.
The rules apply to regular crypto investment accounts, including those held by experienced investors. However, people who pass the required tests can still transfer their crypto to wallets managed by approved foreign custodians.
Russia Restricts Crypto Transfers
The Bank of Russia also bars transfers between individuals through addresses managed by registered digital depositories. Exceptions cover certain foreign-trade settlements and mining-related transactions.
Related: Australia’s ASIC Proposes Tougher Rules for Crypto Exchanges
Private peer-to-peer (P2P) trades remain legal until July 1, 2027. After that, residents will generally have to use authorized intermediaries, such as registered crypto exchanges and licensed brokers.
Moscow Exchange and Sberbank Plan Crypto Services
While the rules limit how individuals can move their holdings, Russian financial institutions are preparing new crypto services.
Moscow Exchange is planning to launch cryptocurrency trading on December 1, 2026, following tests with professional traders.
Sberbank, meanwhile, is preparing loans backed by Bitcoin, Ethereum and Tether’s USDT. The bank plans to adapt its existing lending products for crypto collateral as Russia develops its regulatory framework.
Related: SEBI Panel Backs 30-Minute VWAP for F&O Expiry: Why Indian Traders Still Face Closing-Price Risk
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