Simple math says Russia could collect up to $13B in crypto tax each year

Russia could potentially generate up to $13 billion annually in cryptocurrency taxes, according to an analytic note, though current estimates are based on a basic 6% tax rate and may change once formal regulations are implemented.

Summary

The analytic note mentioned that the estimates are purely an overview and based on a basic tax slab of 6%, which would be quite different once regulations are set in place.

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