Russia’s proposed cryptocurrency bill would not apply restrictions on non-custodial wallets to international settlement use cases, according to remarks cited by TASS from Vladimir Chistyukhin, first deputy governor of the Bank of Russia.
Chistyukhin said the bill’s limits on the use of non-custodial wallets are not intended for international settlements. In those cases, such wallets would still be permitted.
The comment points specifically to cross-border settlement scenarios under the draft framework. No additional details on the broader bill or implementation timeline were provided in the source material.
The report was carried by ChainCatcher, citing TASS.
Restrictions on the use of non-custodial wallets in Russia’s proposed cryptocurrency bill would not apply to international settlements, according to TASS, which cited Vladimir Chistyukhin, first deputy governor of the Bank of Russia.
Chistyukhin said non-custodial wallets would still be allowed in relevant international settlement scenarios.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
