According to Bits Media, the Russian Ministry of Finance stated that although market participants are calling for non-custodial wallets to be incorporated into the “legal system,” the Ministry is currently only considering opening them to a very limited number of specific legal entities after enforcement practices are established, through legal experiments or pilot mechanisms—and absolutely not to retail investors. The Ministry emphasized that although Russia does not plan to ban holding non-custodial wallets, when withdrawing assets from domestic lawful crypto custody institutions and exchanges, withdrawals will only be permitted to custody wallets with mandatory real-name verification (KYC), and transfers from Russian custody wallets to non-custodial wallets abroad are strictly prohibited. In addition, the “Digital Currency and Digital Rights” bill, which is currently preparing for its second reading, may introduce new provisions to impose additional fees or implement restrictions on certain crypto businesses, including the stablecoin USDT.