December 5, 2022

Market news | Cryptocurrency market of the Russian Federation can give up to ₽1 trillion in taxes per year - The Bell

The Bell has read an analytical note written for the government, in which the Russian the crypto market is estimated at $214 billion (16.4 trillion rubles), the amount of taxes may reach 1 trillion rubles.

The note provides different options for assessing the crypto market

“With reference to data from the Coinmarketcap platform <…>The authors of the note write that the average capitalization of the global cryptocurrency market last year was $1.87 trillion, and Russia's share in this market could be at least 12%, that is, about $214 billion, or 16.4 trillion rubles.

The government does not agree with this assessment. The government estimates the share of Russians in the crypto market at a maximum of 13.3 trillion rubles.

The Bell found out about the assessment of up to 1 trillion rubles. taxes on cryptocurrencies in Russia — RBC (rbc.ru)