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Tag: Russian bank restrictions

How Do Banks in Russia React When You Withdraw Crypto to Fiat?
How Do Banks in Russia React When You Withdraw Crypto to Fiat?

Russian banks now automatically freeze cash withdrawals after crypto-to-fiat conversions, limiting users to 50,000 rubles per day. This strict system targets everyday users, not just criminals, as part of a broader strategy to control domestic crypto use while allowing institutional trading.

Jonathan Jennings Mar 23, 2026
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