Cryptocurrency Laws in Russia: What You Can and Can't Do in 2025

When it comes to cryptocurrency laws in Russia, the Russian government’s approach to digital assets is a mix of restriction, tolerance, and confusion. Also known as Russia crypto regulation, it doesn’t ban owning or trading crypto—but it makes using it as money illegal. This contradiction creates a gray zone where millions still buy Bitcoin, mine Ethereum, and hold wallets, all while officially breaking the rules.

The core issue is crypto mining in Russia, a major industry thanks to cheap electricity and cold climates. Also known as crypto mining Russia, it’s not just allowed—it’s quietly encouraged by regional governments looking to boost local economies. But the federal government keeps threatening to shut it down, especially if miners use state-owned power grids. In 2024, Russia ranked among the top 5 global crypto mining hubs, even after Western sanctions cut off access to major mining hardware suppliers. Miners adapted by using older ASICs or sourcing parts through third countries.

Then there’s crypto taxes in Russia, a system that’s simple on paper but messy in practice. Also known as Russia crypto taxes, the government requires you to report crypto gains as income and pay 13% tax. But there’s no official way to track your trades, no exchange reports to the tax authority, and no penalties for not filing. Most people just don’t report—and the government doesn’t chase them. The real risk isn’t tax evasion—it’s banking. Russian banks are forbidden from handling crypto transactions. If you deposit rubles from a crypto sale, your account might get frozen. People use P2P platforms, cash deals, or foreign exchanges to bypass this, but it’s risky.

And what about Bitcoin Russia, the most popular crypto in the country? It’s not a legal tender, but it’s the go-to asset for saving money. With inflation hitting 7% in 2024 and the ruble losing value against the dollar, Russians are turning to Bitcoin like they once turned to dollars in the 90s. Wallets are stored on phones, hardware devices, or even paper. You won’t find Bitcoin ATMs in Moscow like you do in New York, but you’ll find people trading it in parks, cafes, and Telegram groups. It’s not about convenience—it’s about survival.

There’s no clear path forward. The government talks about creating a digital ruble to replace crypto, but adoption is slow. Meanwhile, crypto use keeps growing underground. You can’t legally pay for groceries with Bitcoin, but you can buy a car, a laptop, or even real estate with it—through private deals. The rules are written to control, but they’re too weak to stop what’s already happening.

Below, you’ll find real stories and breakdowns of how Russians navigate these laws—what works, what gets you in trouble, and what’s changed since 2022. No fluff. Just what you need to know if you’re living in Russia, investing from abroad, or just curious how crypto survives under pressure.