Russia’s central bank bans Bitcoin transfers to self-custody wallets

The Bank of Russia has banned transfers from regulated accounts to self-custody wallets, restricting Russian investors' ability to move Bitcoin and other crypto into personal custody. At the same time, Sberbank received approval to offer crypto exchange services, signaling a state-aligned, tightly controlled crypto market. Traders should watch for reduced Russian on-chain liquidity and potential selling pressure as self-custody access is curtailed.