PANews reported on May 22 that, according to Bits.media, Russian Deputy Finance Minister Ivan Chebeskov stated that the final version of the government's cryptocurrency market regulation bill will retain the ban on transfers from Russian custodial wallets to non-custodial foreign wallets. The more lenient conditions only apply to participants in foreign trade activities, namely importers. Chebeskov indicated that the effectiveness of the new regulatory system will be analyzed after the law takes effect, and the use of non-custodial wallets may be allowed in an experimental manner in the future. The final version of the bill is expected to be ready next week, and the Deputy Finance Minister hopes it will be passed before the end of the State Duma's spring session.

Previously, the Duma Financial Markets Committee opposed the central bank's ban on transfers to non-custodial wallets and proposed providing judicial protection for all cryptocurrency holders. The bill passed its first reading on April 21, stipulating that from July 1, Russians and companies can only purchase digital assets through licensed intermediaries, access to foreign cryptocurrency platforms requires approval from the central bank's list, and access to exchanges that impose sanctions on Russia is prohibited.