Cryptocurrency activities in Russia are under significant regulatory restrictions, with the Federal Law on Digital Currency 2024 providing the legal framework. The Central Bank of Russia maintains a cautious stance, emphasizing financial stability and inflation control.
| Status | Restricted |
| Risk Score | 55/100 (High Risk) |
| Region | europe |
| Currency | RUB |
| VAT on Crypto | No |
| Required | Yes |
| Regulator | Bank of Russia / MinFin |
| Framework | Federal Law on Digital Currency 2024 |
Enforcement focused on unlicensed operators and AML/KYC violations
| KYC Required | No |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | non_compliant |
| FATF Body | FATF |
| Suspicious-Activity Reporting | No |
Status: Restricted
DeFi activities may face restrictions under existing financial regulations
Status: no_rules
No specific stablecoin framework; general financial regulations may apply
Status: no_rules
No specific NFT regulation; may be subject to existing financial rules
| Legal | Yes |
| Electricity Cost | $0.15/kWh |
| Renewable Energy | 30% |
| Infrastructure | good |
Mining is legal but heavily regulated and restricted under current laws. Electricity costs are relatively high compared to global averages.
| Stability | moderate |
| Sanctions | Yes |
| Corruption Index | 29/100 |
| Banking Access | restricted |
Risk Factors
Russia faces significant international sanctions impacting crypto businesses, with moderate political stability and restricted banking access for crypto companies.
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Explore IT Services →Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map
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