Greenland vs Russia
Crypto regulation comparison
Greenland
Russia
No Data
Partially Regulated
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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
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Regulator
CBR (Central Bank of Russia), Ministry of Finance
Stablecoin Rules
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Stablecoin Rules
Crypto payments banned; digital ruble CBDC introduced
Key Points
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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
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