Bank of Russia Official Says Non-Custodial Wallet Restrictions Do Not Apply to International Settlements
BIBIBI
AT A GLANCE
A Bank of Russia official said the proposed bill’s restrictions on non-custodial wallets do not apply to international settlements.
Article
Russian Central Bank: Restrictions on the Use of Non-Custodial Crypto Wallets Do Not Apply to International Settlements
PANews October 29 reported, citing TASS, that Vladimir Chistyukhin, First Deputy Governor of the Central Bank of Russia, stated that the restrictions on the use of non-custodial wallets in Russia’s proposed cryptocurrency bill do not apply to international settlements, and that the use of non-custodial wallets remains permitted in such scenarios.
PANews stated that the news was published on October 29, citing a TASS report.
02
Vladimir Chistyukhin, First Deputy Governor of the Bank of Russia, said that the proposed Russian cryptocurrency bill’s restrictions on the use of non-custodial wallets do not apply to international settlements.
03
According to the statement, non-custodial wallets remain permitted for international settlements.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This statement distinguishes between ordinary scenarios and international settlement scenarios: although the proposed bill addresses restrictions on the use of non-custodial wallets, international settlement is outside the scope of those restrictions.
Why it matters to readers
If the proposed bill ultimately retains this scope of application, non-custodial wallets may continue to be used for international settlements.
Beginners should note that this is an official statement about the scope of the proposed bill and does not mean that the evidence already includes an enacted law or final bill text.
Risks and unknowns
The evidence does not provide the full text of the proposed bill, official documents, or specific legislative progress.
The evidence does not provide the original TASS report or an official announcement from the Central Bank of Russia.
Whether the final bill retains this exception and the specific scope of “international settlement” cannot yet be confirmed from the evidence.
Related Developments
Loading event timeline…
Related concepts
Non-custodial wallet
This term is not in the glossary yet. Browse related concepts in the glossary.
