The Bank of Russia has prohibited transfers of cryptocurrencies like Bitcoin, Ethereum, and XRP to non-custodial wallets as part of Federal Law No. 282-FZ, effective until at least July 1, 2027. This regulation mandates all crypto transactions go through state-supervised intermediaries to reduce anonymity and prevent capital flight, tax evasion, and unmonitored outflows. The law aims to help Russian businesses navigate sanctions by controlling domestic crypto activity while banning crypto payments within Russia. This move reflects Russia's effort to maintain economic control amid Western sanctions related to the Ukraine conflict.
The story on Russia blocking Bitcoin transfers to self-custody wallets is presented here with market data for context. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 16, 2026 01:02 WIB: out of 50 major cryptocurrencies priced on Pluang, 25 rose and 24 fell today. Notable movers include ALGO at Rp2.050 with a 1-day change of -2.47% and a typical hold time of 130 days, BCH at Rp4.961.535 with a 1-day change of +2.43%, and FTM at Rp11.382 with a 1-day change of -2.05%.
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