Bitcoin Regulation in Russia

ForkLog 104 21.10.2025

Bitcoin and Discord: Implications of Recognising Cryptocurrency as Marital Property in Russia

In the State Duma, a proposal was made to recognise cryptocurrencies as marital property. Experts highlighted the lack of mechanisms for identifying digital assets in Russia.

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ForkLog 13 03.02.2025

Russian Tax Authority Introduces Bitcoin Mining Section on Website

The Federal Tax Service (FTS) of Russia has introduced a section for miners in users’ personal accounts, allowing them to report the receipt of digital currency. Individuals must fill out the “Mining” form, while legal entities and individual entrepreneurs are required to complete the “Digital Currency Mining” form. The latter two must be included in […]

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ForkLog 17 24.12.2024

Russia Imposes Mining Ban in Several Regions

The Russian government has approved a list of regions and territories where cryptocurrency mining and participation in mining pools will be prohibited from January 1, 2025, to March 15, 2031, as reported by TASS. The restrictions specifically affect Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, and Chechnya. Additionally, in certain areas of the Irkutsk region, Buryatia, […]

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ForkLog 11 09.12.2024

Russia Proposes Framework for Seizing Cryptocurrencies

The Investigative Committee of Russia has drafted a bill outlining the procedures for the seizure, confiscation, and arrest of digital currencies. This was announced by the head of the agency, Alexander Bastrykin, in an interview with RIA Novosti. The document proposes amendments to criminal and criminal procedural legislation. For these purposes, cryptocurrencies are recognized as […]

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ForkLog 19 26.11.2024

Russia Formalises Bitcoin Taxation

On November 26, the State Duma passed a law on the taxation of digital currency in both the second and third readings, as reported by TASS. Cryptocurrency is now recognised as property. The tax base is determined by the excess of the asset’s value over the costs of its purchase or mining. Individuals selling cryptocurrency […]

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ForkLog 6 16.11.2024

Russia Recognises Digital Currencies as Property for Tax Purposes

On Friday, November 15, the Russian government approved amendments to the draft law on mining, regulating the taxation of cryptocurrency. Digital currencies have been recognised as property for taxation purposes. Income in the form of cryptocurrencies obtained through mining will be accounted for at market value at the time of receipt. However, these can be […]

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ForkLog 3 15.11.2024

Russia to Impose Cryptocurrency Mining Ban in Select Regions Until 2031

Russia’s Ministry of Energy has proposed a ban on cryptocurrency mining in several regions from December 1, 2024, to March 15, 2025, with the possibility of extending the restrictions. This was reported by Kommersant. The list of federal subjects includes cities and districts in the Irkutsk region, Buryatia, and the Trans-Baikal Territory. After March 15, […]

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ForkLog 6 12.11.2024

Russia’s Proposed Cryptocurrency Tax: Experts Weigh In

Participants in the crypto market require a clear taxation mechanism for asset trading, but high rates could stifle innovation. Authorities will struggle to monitor individual transactions until Russian exchanges are established. The crypto community is unclear about how much, to whom, and why they should pay. In Russia, work has resumed on a bill concerning […]

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ForkLog 13 12.11.2024

Russia Approves Tax Provisions for Bitcoin Transactions

On November 11, a government commission approved a draft amendment concerning the taxation of cryptocurrency transactions, as reported by Izvestia. The original document was prepared in 2020 and passed its first reading in February 2021. Work on it resumed following the implementation of mining regulations. Key Figures The bill designates digital currency as property and […]

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ForkLog 16 02.11.2024

Russia Imposes Energy Consumption Limit for Individual Miners

The Russian government has set requirements for miners and infrastructure operators involved in the extraction of digital assets, as reported by Interfax. The monthly energy consumption limit for individual miners without sole proprietorship status is 6000 kWh. Exceeding this limit necessitates registration as a sole proprietor to be included in the registry. Entities may be […]

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ForkLog 18 01.11.2024

Russia Launches Miner Registry

As of November 1, Russia has implemented a regulation establishing a miner registry under the Federal Tax Service. Deputy Anton Gorelkin shared details about the compilation of this list. The Federal Tax Service will effectively create two lists: individuals directly engaged in mining and operators of mining infrastructure who provide facilities for extraction. Only Russian […]

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ForkLog 6 30.10.2024

Russia to Impose Mining Ban in Select Regions

The Russian authorities are set to prohibit cryptocurrency mining in certain regions of the country. This was reported by TASS, citing a statement from Evgeny Grabchak, Deputy Head of the Russian Ministry of Energy. He attributed the decision to a shortage of electricity. “Currently, the deficit areas are the Far East, the southwest of Siberia, […]

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