Russia’s Finance Ministry said the final crypto regulation bill will retain a ban on transfers from Russian custodial wallets to foreign non-custodial wallets, with limited exemptions for importers engaged in foreign trade. The draft bill passed its first reading on April 21 and could be approved before the State Duma’s spring session ends, with the law set to take effect on July 1 if adopted. These provisions add to the broader framework already under discussion, in which Russia would legalize and regulate crypto trading and investment while continuing to prohibit cryptocurrency payments inside the country.