#noticiascripto 🚨🔥Starting next year, authorities in Russia will impose fines for cryptocurrency payments that have been prohibited since 2021.

According to a new law, the use of digital currencies as a means of payment in the country will also be punishable by the confiscation of the assets involved.

Russians will be fined for paying with cryptocurrencies.

Payments with decentralized digital currencies such as Bitcoin will result in substantial fines for Russian citizens and businesses starting in 2026, local press reported, citing a prominent member of the State Duma, the lower house of parliament.

The government's plan was revealed to Izvestia by Anatoly Aksakov, chairman of the Financial Markets Committee of the chamber. He told the newspaper that lawmakers would consider a bill introducing the fines this fall to define responsibility in a currently gray area.

According to the legislation, jointly drafted by the Bank of Russia and the Ministry of Finance, private individuals who pay with cryptocurrencies will face fines in the range of 100,000-200,000 rubles (over $2,500), and companies will be fined between 700,000 and 1 million rubles (almost $13,000).

Additionally, it provides for the state's seizure of illegally used coins, the newspaper noted. In April, the executive power in Moscow approved amendments legalizing the confiscation of cryptocurrencies by recognizing them as property in criminal proceedings.

Since January 1 of this year, cryptocurrency assets have also been recognized as property in the Tax Code to regulate the taxation of related activities such as mining, which was legalized in 2024, and trading, which is allowed under limited circumstances.