BTC $68,522.00 (+1.83%)
ETH $1,990.28 (+1.73%)
XRP $1.45 (+2.83%)
BNB $631.42 (+3.04%)
SOL $86.55 (+3.47%)
TRX $0.29 (+0.11%)
DOGE $0.10 (+1.48%)
BCH $572.13 (+4.97%)
ADA $0.28 (+0.68%)
LEO $8.39 (-3.69%)
HYPE $29.90 (+1.90%)
LINK $8.96 (+3.02%)
CC $0.16 (+1.85%)
XMR $327.05 (-1.66%)
XLM $0.16 (+1.24%)
RAIN $0.01 (+0.63%)
HBAR $0.10 (+1.74%)
ZEC $261.74 (+1.21%)
LTC $55.47 (+1.97%)
AVAX $9.34 (+2.79%)

Kenya vs Russia

Crypto regulation comparison

← Back to map | Kenya | Russia
Kenya

Kenya

Russia

Russia

No Regulation
Partially Regulated

Kenya has no comprehensive cryptocurrency legislation, though it is one of Africa's leading crypto markets by adoption. The Central Bank has issued warnings but no formal ban. Kenya's 2023 Finance Act introduced a 3% Digital Asset Tax on income from digital asset transfers, signaling growing regulatory attention.

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 Varies
Tax Type Income
Tax Rate 1.5-3% (proposed digital asset tax)
Tax Rate 13-15%
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining Yes Yes
Regulator CBK (Central Bank of Kenya), CMA (Capital Markets Authority)
Regulator CBR (Central Bank of Russia), Ministry of Finance
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules Crypto payments banned; digital ruble CBDC introduced
Key Points
  • No specific cryptocurrency legislation, but the 2023 Finance Act introduced a 3% Digital Asset Tax
  • CBK has issued multiple warnings about crypto but has not imposed a ban
  • CMA considering a framework for digital asset regulation
  • Kenya consistently ranks among the top countries globally for crypto adoption (P2P volume)
  • M-Pesa mobile money dominance shapes how Kenyans access crypto via P2P exchanges
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