Crypto Taxation in Russia: What You Need to Know in 2025

When you trade or mine crypto taxation Russia, the legal requirement to report cryptocurrency gains as income under Russian federal law. Also known as digital asset taxation, it’s no longer optional—if you made money from Bitcoin, Ethereum, or any token, the Russian tax authority expects to see it. Unlike countries that ban crypto outright, Russia lets you hold and trade it—but only if you pay up. Since 2021, the Federal Tax Service (FTS) has treated crypto as property, not currency. That means every sale, trade, or conversion into rubles triggers a taxable event.

That’s where crypto mining Russia, the process of earning cryptocurrency by validating blockchain transactions using hardware, now subject to income reporting. Also known as crypto mining taxation, it’s treated like self-employment income. If you’re running rigs at home, you must declare your earnings—even if you never cashed out. The FTS tracks this through bank deposits, exchange withdrawals, and even wallet addresses linked to Russian IDs. And if you’re mining for profit? You’re legally required to register as a self-employed individual or business. Then there’s crypto regulations Russia, the set of rules governing how individuals and businesses interact with digital assets under Russian law. Also known as digital finance laws, these rules require exchanges operating in Russia to comply with KYC and AML standards, and they’ve forced many foreign platforms to restrict Russian users. This means if you’re using Binance or Bybit, your activity might still be visible to Russian authorities through bank transfers or IP logs. You can’t avoid taxes by moving to a different exchange. The law doesn’t care if your wallet is on a foreign platform—it cares if the money ends up in your Russian bank account.

There’s no tax exemption for holding crypto long-term. Even if you bought Bitcoin in 2020 and sold it in 2025, you owe tax on the profit. The rate? 13% for residents, 30% for non-residents. No deductions, no loss carryforwards. If you lost money? Tough luck—you still have to report the trade, but you can’t offset it against gains. And if you got crypto from an airdrop or staking reward? That’s income too. The value at the moment you received it is what gets taxed. Many Russians are still confused about this. They think if they didn’t sell, they didn’t earn. But the FTS doesn’t see it that way.

What about enforcement? It’s getting real. In 2024, the FTS started cross-referencing crypto wallet addresses with bank transactions. They’ve also partnered with major Russian banks to flag unusual inflows. If you suddenly deposit 500,000 rubles from an unknown source and you’re not a business owner? Expect a letter. Some people are trying to hide behind offshore wallets or P2P trades, but that’s risky. Russia doesn’t need to prove you owned the crypto—they just need to prove you received the rubles. And they’re getting better at tracing it.

So what’s next? In 2025, expect stricter reporting, more audits, and possibly mandatory exchange reporting. The government is working on a digital ruble integration that could automatically track crypto conversions. If you’re holding crypto in Russia, you’re not just investing—you’re playing a legal game. And the rules are written in stone. Below, you’ll find real cases, practical advice, and clear breakdowns of what’s required, what’s risky, and what’s just plain ignored by most—but not by the tax man.