- Russia’s Social Fund reports a rise in enquiries about receiving pensions in cryptocurrency and counting crypto mining income for benefits.
- The fund says all pensions and social payments are paid in rubles and that digital assets fall outside its responsibilities.
- Russia led Europe in crypto inflows with $376.3 billion between July 2024 and June 2025, outpacing the UK’s $273.2 billion.
- Large transfers over $10 million rose 86% year-over-year, and overall crypto inflows into Russia grew 48%.
- The Bank of Russia proposed allowing retail investors limited crypto access after a knowledge test, with a 300,000 ruble annual cap (~$3,834).
The Social Fund of Russia said its call center handled about 37 million calls in 2025, mostly routine questions about pensions, benefits and maternity capital, but operators noted a growing number of queries about digital assets in a Saturday report. According to the same report, many callers asked whether pensions can be paid in cryptocurrency and whether income from crypto mining should affect social benefit calculations. The report is available via a Saturday report.
Fund operators told callers that all pensions and social payments are issued in rubles and that cryptocurrencies fall outside the Social Fund’s remit. They said matters related to cryptocurrency income and taxation are handled by the Federal Tax Service of Russia, not by pension authorities. These crypto-related questions stood out from the fund’s overall call volume.
Data covering July 2024–June 2025 showed Russia received $376.3 billion in cryptocurrency inflows, surpassing the UK’s $273.2 billion. The increase reflected a sharp rise in institutional activity and broader decentralized finance use. Large crypto transfers above $10 million climbed 86% year-over-year, while total crypto inflows into Russia rose 48% from the prior year.
Retail use and DeFi also expanded, with stronger growth in both large and small retail segments than the rest of Europe and an eightfold jump in DeFi activity in early 2025. Separately, the Bank of Russia proposed allowing non-qualified retail investors to buy certain liquid crypto assets after passing a knowledge test, with annual investments capped at 300,000 rubles (~$3,834); qualified investors would have wider access but still face knowledge-assessment requirements.
The publisher’s Editorial Policy is publicly available.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- BRICS Gold Drive Aims for 65-70% Control of Reserves by 2026
- Buterin: Stablecoin Designers Undervalue Risk, Penalties Now
- CryptoQuant CEO: X suppresses crypto amid bot spam surge now
- Tennessee orders Kalshi, Polymarket, Crypto.com to halt now.
- Altcoins Tick Up; Solana, BNB Bearish While Majors Bull Now!
