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Russia may impose fines for paying with cryptocurrency

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Russia may impose fines for paying with cryptocurrency

⚖️ Starting in early 2026, Russia may introduce fines for using cryptocurrency to pay for goods and services. This was reported by Anatoly Aksakov, head of the State Duma Committee on Financial Markets, in an interview with Izvestia.

According to Aksakov, the corresponding draft law is expected to be reviewed this fall. The goal of the initiative is to eliminate the legal “gray zone” and introduce clear liability for violating payment regulations.

  • “Currently, there is no direct liability for using crypto as payment, and that creates a legal gap,” Aksakov said. “The law should explicitly prohibit the use of cryptocurrencies as a means of payment in Russia and introduce penalties.”

The exact fines have not yet been disclosed, but sources say they may be comparable to penalties for other violations of currency regulations.

🚫 The Central Bank and the Ministry of Finance have repeatedly emphasized that cryptocurrencies are not recognized as legal tender in Russia. The only official means of payment remains the Russian ruble.

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