Russian Crypto Tax Law: What You Need to Know in 2025

When it comes to Russian crypto tax law, the official framework that defines how cryptocurrency gains, income, and mining are taxed under Russian federal law. Also known as crypto income taxation in Russia, it's not a suggestion—it's a legal requirement enforced by the Federal Tax Service (FTS). If you bought, sold, mined, or earned crypto in Russia after January 1, 2025, you owe taxes. No exceptions. No gray zones. The government isn’t asking—you’re being watched.

The crypto taxation Russia, the system that treats cryptocurrency as property, not currency, for tax purposes. Also known as digital asset taxation, it means every trade, every swap, every airdrop you claim counts as a taxable event. You don’t need to convert crypto to rubles to trigger tax. Selling Bitcoin for USDT? Taxable. Getting paid in Ethereum for freelance work? Taxable. Mining crypto and selling it later? Also taxable. The FTS doesn’t care if you used a decentralized exchange or a peer-to-peer app. If you made a profit, they want their cut.

Here’s the real number: Russian crypto tax law requires you to report all crypto transactions over 600,000 rubles annually. That’s about $6,500 USD. Below that? No filing needed. But if you go over? You’ve got until April 30 to file your declaration—and pay 13% on profits. No deductions for losses. No offsetting gains against losses. It’s simple: profit = tax. The system doesn’t care if you lost money elsewhere. Only what you made.

And yes, they’re catching people. In 2024, over 12,000 Russians were flagged for unreported crypto income. By 2025, banks started sharing transaction data with the FTS. If you sent $10,000 in USDT to a foreign wallet and didn’t report it? They know. They cross-check bank transfers, exchange withdrawals, and even blockchain analytics tools. You can’t hide behind anonymity.

What about mining? If you’re running a rig in Russia, you’re considered a business. You must register as a self-employed individual or legal entity. The tax rate jumps to 6% for self-employed, or up to 20% if you’re incorporated. And you can’t just write off your electricity bill anymore—Russia cut all energy cost deductions in early 2025. Mining isn’t a hobby anymore. It’s a job with paperwork.

And if you’re thinking of moving crypto offshore? Don’t. Russia now requires you to declare all foreign crypto wallets. If you held crypto on Binance, Bybit, or any offshore exchange and didn’t report it? You’re looking at fines up to 30% of the unreported value—plus interest. No warning. No grace period.

This isn’t about stopping crypto. It’s about controlling it. Russia doesn’t ban it. They tax it. And they’ve built the tools to track every move. The people who win? Those who file early, keep clean records, and understand that crypto isn’t cash—it’s income.

Below, you’ll find real stories and breakdowns from people who’ve been through it—how they filed, what they got wrong, and how they avoided penalties. No theory. No guesswork. Just what actually happened under Russia’s crypto tax law in 2025.