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Russia's Central Bank Proposes 48-Hour Cooling Period for Crypto Transfers

Regulation & Policy

2026-07-03 00:51:48

According to Bits.media, Russia's central bank deputy chair Vladimir Chistyukhin said on July 3 the proposed crypto law will impose a 48-hour cooling period, during which transferred funds are frozen to protect non-professional investors from fraud. The freeze applies only to account-to-account transfers, not brokerage services. Under the rules discussed, non-custodial wallet holdings in Russia are capped at 100,000 rubles; Russian residents may only hold crypto in non-custodial wallets outside Russia. The law was originally scheduled to take effect July 1 but has been delayed, with an expected implementation date of September 1.

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