BTC $66,309.00 (-2.41%)
ETH $1,922.91 (-2.19%)
XRP $1.41 (+0.25%)
BNB $610.88 (-1.47%)
SOL $80.61 (-4.47%)
TRX $0.28 (-1.58%)
DOGE $0.10 (+0.65%)
BCH $539.21 (-5.39%)
ADA $0.27 (+0.31%)
LEO $8.10 (-1.14%)
HYPE $27.57 (-6.06%)
CC $0.16 (+2.22%)
LINK $8.53 (-2.43%)
XMR $319.19 (-0.26%)
XLM $0.16 (+0.94%)
RAIN $0.01 (+1.85%)
HBAR $0.10 (-0.20%)
ZEC $249.64 (+0.41%)
LTC $52.85 (-2.10%)
AVAX $8.74 (-2.04%)

Russia vs Venezuela

Crypto regulation comparison

← Back to map | Russia | Venezuela
Russia

Russia

Venezuela

Venezuela

Partially Regulated
Legal

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.

Venezuela has a unique crypto history. The government launched the Petro (PTR) state cryptocurrency in 2018, backed by oil reserves, though it was widely considered a failure and discontinued. SUNACRIP regulates crypto activities and has licensed mining operations. Venezuelans have high crypto adoption due to hyperinflation, with USDT widely used as a de facto currency. Crypto mining requires a SUNACRIP license.

Tax Type Income
Tax Type Income
Tax Rate 13-15%
Tax Rate Up to 34%
Exchanges No No
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CBR (Central Bank of Russia), Ministry of Finance
Regulator SUNACRIP (Superintendencia Nacional de Criptoactivos)
Stablecoin Rules Crypto payments banned; digital ruble CBDC introduced
Stablecoin Rules Government launched Petro (PTR) state crypto (discontinued); SUNACRIP regulated stablecoins
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
Key Points
  • SUNACRIP regulates crypto exchanges, mining, and service providers
  • Government-backed Petro cryptocurrency launched in 2018, largely discontinued
  • Crypto mining requires SUNACRIP license and registration
  • Very high crypto adoption driven by hyperinflation; USDT widely used
  • Income from crypto subject to progressive tax rates up to 34%
Sources
Sources