Russia
Bitcoin Countries
Russia has had a complex relationship with Bitcoin, banning payments with it while allowing mining and investment. In 2023-2024, Russia moved toward legalizing Bitcoin for international trade settlements amid sanctions. The Bank of Russia regulates digital assets, and Russia is one of the world's top Bitcoin mining nations due to cheap Siberian energy.
Details
- Known For
- Top 3 global mining nation, Siberian hydro power, sanctions evasion use case, 2024 international trade legalization
- Legal Status
- restricted (legal to hold/mine, not legal tender)
- Tax Treatment
- 13% personal income tax on gains
- Regulatory Body
- Bank of Russia
- Capital Gains Tax
- Yes
- Bitcoin Etf Available
- No
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