Analysts commissioned by the Russian government estimated the amount of taxes that can be collected from the Russian crypto market in the amount of up to 1 trillion rubles, learned The Bell. Right now, the authorities are arguing how exactly the circulation of cryptocurrencies and mining will be regulated in Russia, the newspaper reports.
It all started with Bloomberg messages that the Russian authorities, when developing an industry regulation plan, estimated the Russian crypto market at $214 billion (16.4 trillion rubles). An analytical note with this figure also came into the possession of The Bell. It turned out that it also deals with the possibilities of taxing cryptocurrencies. Even if the simplified taxation system is applied, the amount of taxes collected from the industry can be up to 1 trillion rubles a year.
An analytical note was written for the government, it provides different options for assessing the crypto market (the authors of the document are not specified). With reference to data from the Coinmarketcap platform (owned by the largest crypto exchange Binance), 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). dollars or 16.4 trillion rubles).
Inside the government apparatus, an estimate of 12% of the global crypto market has raised some doubts, writes The Bell. In a comment to the note, which was prepared by the Analytical Center under the Government with reference to the center’s own calculations, it is said that the share of Russians in the crypto market can be up to 13.3 trillion rubles.
According to experts of the Analytical Center, the taxes that can be collected from the crypto market can be divided into those that will be levied on legal entities – exchanges and intermediaries, and those that will need to be paid from income on investments. From legal crypto-exchanges, according to the calculations of the center, the state could receive from 90 to 180 billion rubles a year (depending on the tax rate). And taxes on income from investing in cryptocurrencies could bring up to 606 billion rubles to the budget if the market grows at the same pace as in previous years.
