TLDRThe Bank of Russia has exempted international crypto settlements from restrictions on self-custody wallets.First Deputy Governor Vladimir Chistyukhin confirmed that non-custodial wallets remain available for cross-border transactions.Direct transfers from regulated Russian digital accounts to personal wallets remain restricted.Russian investors can use regulated foreign custodial platforms to transfer eligible assets to personal wallets.Direct peer-to-peer cryptocurrency transactions remain permitted during the transition period ending July 1, 2027.The Bank of Russia has confirmed that restrictions on self-custody cryptocurrency wallets will not cover international settlements. First Deputy Governor Vladimir Chistyukhin said the exemption allows overseas payments while Russia tightens rules for domestic crypto transactions.Bank of Russia Keeps Cross-Border Wallets Available“Use of non-custodial wallets is permitted for international settlements,” Chistyukhin told reporters on October 29, according to TASS.Such wallets let owners control their private keys without relying on a cryptocurrency exchange or custodian. He spoke at a corporate governance forum organized by Moscow Exchange on Thursday.Under the rules, investors cannot transfer crypto directly from Russian regulated digital accounts to personal wallets. Chistyukhin said assets can instead move to a regulated foreign custodial platform, where users may subsequently withdraw them to self-custody wallets.Domestic Crypto Transfers Face Stricter RulesFederal Law No. 282-FZ took effect on September 1, introducing controls for licensed domestic crypto trading and custody services. Separately, South Korea is preparing cross-border crypto transfer reporting requirements for exchanges under its revised foreign exchange rules.Russia also limits ordinary retail investors to cryptocurrency purchases worth 300,000 rubles annually per intermediary. They must pass eligibility checks before accessing approved assets. Qualified investors operate under separate requirements.Peer-to-Peer Transactions Have Transition PeriodThe Bank of Russia says individuals may continue direct peer-to-peer crypto transactions until July 1, 2027. After that date, residents must use authorized intermediaries for covered transactions. The rules do not prohibit ownership of cryptocurrency already held in personal wallets.Wallet restrictions have also surfaced outside Russia. Recent wallet screening disputes involving Hyperliquid followed reports that some accounts were flagged after transfers linked to the HTX. The cases concern separate platform controls.Crypto Exchange Supervision ExpandsOn October 29, the Bank of Russia recognized the National Association of Securities Market Participants, known as NAUFOR, as a self-regulatory body for crypto exchanges and digital depositories. The central bank’s registers list 23 exchange operators and eight depositories.Registered firms must join a self-regulatory organization within 90 days. NAUFOR will develop standards and monitor compliance. It will also advise firms on meeting their new obligations. Elsewhere, Brazil’s Itaú Unibanco recently registered its crypto trading and custody operations under new central bank rules.Sberbank is among Russia’s registered digital depositories. The lender plans to introduce crypto services in December, while Moscow Exchange has outlined plans for regulated cryptocurrency trading.The post Bank of Russia Keeps Overseas Crypto Transfers Open appeared first on Blockonomi.