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Australia vs Russia

Crypto regulation comparison

← Back to map | Australia | Russia
Australia

Australia

Russia

Russia

Legal
Partially Regulated

Cryptocurrency is legal and well-regulated in Australia. AUSTRAC oversees AML/CTF compliance for exchanges, ASIC handles consumer protection, and the ATO treats crypto as property for tax purposes. Australia has been developing a comprehensive licensing framework for digital asset platforms.

Russia's crypto regulation is complex and evolving. The 2021 'On Digital Financial Assets' law recognizes crypto as property but bans its use as a means of payment. Mining was legalized and regulated in 2024 under a new mining law. Crypto is taxed as income at 13-15%. The CBR pushed for a total ban on crypto trading but was overruled by the government, which favors regulation. International sanctions have complicated Russia's crypto landscape.

Tax Type Capital gains
Tax Type Income
Tax Rate 0-45%
Tax Rate 13-15%
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining Yes Yes
Regulator ASIC, AUSTRAC, ATO
Regulator CBR (Central Bank of Russia), Ministry of Finance
Stablecoin Rules Stablecoins to be regulated under proposed payments framework legislation
Stablecoin Rules Crypto payments banned; digital ruble CBDC introduced
Key Points
  • Digital currency exchanges must register with AUSTRAC and comply with AML/CTF Act
  • ATO treats cryptocurrency as a CGT asset; holding for 12+ months qualifies for 50% discount
  • ASIC regulates crypto products that qualify as financial products under the Corporations Act
  • Treasury released a token mapping consultation in 2023 to classify digital assets
  • Proposed licensing regime for digital asset platforms under development
Key Points
  • Digital Financial Assets law (2021) recognizes crypto as property but bans use as payment
  • Crypto mining officially legalized and regulated under 2024 mining legislation
  • Crypto income taxed at 13% (up to RUB 5M) or 15% (above RUB 5M)
  • Domestic crypto exchanges not legally operating; P2P trading widespread. CBR framework Dec 2025 targeting July 2026.
  • International sanctions have increased interest in crypto for cross-border transfers
Sources
Sources