Russia Bars Self-Custody Withdrawals From Regulated Crypto Accounts
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Russia is restricting withdrawals to self-custody wallets, with a separate rule requiring intermediaries for direct crypto trades set to take effect in July 2027.
Russia has barred withdrawals from regulated cryptocurrency accounts to self-custody wallets, according to The Defiant.
A separate restriction on direct cryptocurrency transactions between individuals is scheduled to take effect on July 1, 2027. Under that rule, residents will need to conduct those trades through authorized intermediaries.
The measures address two distinct activities: moving assets out of regulated accounts and trading directly with other individuals. The source excerpt does not specify when the self-custody withdrawal restriction takes effect.
Source: The Defiant
