Fiji vs Russia
Crypto regulation comparison
Fiji
Russia
Banned
Partially Regulated
All cryptocurrency and virtual asset services banned since August 2025; RBF has not licensed any VASP; penalties up to M fine or 14 years imprisonment
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
Unclear
Tax Type
Income
Tax Rate
N/A
Tax Rate
13-15%
Exchanges
No
Exchanges
No
Mining
No
Mining
Yes
Regulator
Reserve Bank of Fiji
Regulator
CBR (Central Bank of Russia), Ministry of Finance
Stablecoin Rules
No stablecoin regulation
Stablecoin Rules
Crypto payments banned; digital ruble CBDC introduced
Key Points
- No specific cryptocurrency legislation
- Reserve Bank warns about crypto risks
- Crypto not recognized as legal tender
- Limited crypto adoption
- No licensing framework for crypto services
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