Taxing Crypto Transactions Would Generate $13B Each Year for Russia: Report

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Data collected from Russian authorities showed that the country could earn 1 trillion rubles ($13 billion) each year by taxing cryptocurrency transactions, Moscow-based news outlet The Bell reported.

Taxing Crypto Transactions Would Generate $13B Each Year for Russia: Report

The numbers were generated by collecting the IP addresses, excluding the ones using virtual private networks (VPN) or unauthorized crypto exchanges.

Available data shows that 5.5% of the 12 million Russian population use

Source: blockchain.news

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