Russia's Finance Ministry has finalized legislation that upholds a ban on personal non-custodial cryptocurrency wallets for individuals. According to NS3.AI, the bill provides exemptions for participants in foreign economic activities, such as importers, while ordinary investors will be required to trade through intermediaries licensed by the Russian central bank. If the bill is enacted, starting July 1, all individuals and institutions in Russia will be mandated to use licensed exchanges and intermediaries for cryptocurrency transactions.