Report Says Russians Transact over $5 Billion per Year with Cryptos

report says russians transact over 5 billion per year with cryptos

Sumary of Report Says Russians Transact over $5 Billion per Year with Cryptos:

  • Russia’s central bank unveiled a report today about financial stability, noting that the country is highly active globally when it comes to cryptocurrency transactions.
  • That said, Russians are among the top leaders in the $2.8 trillion crypto market around the world.
  • “The relationship between digital currencies and the financial sector remains limited at the moment.
  • However, the rapid growth and the widespread adoption of digital currencies would pose higher risks both globally and for the Russian financial market,” Bank of Russia commented.
  • Suggested articlesAre You Ready For iFX EXPO Dubai 2022?Go to article >>Daniil Egorov, the Head of the Russian Federal Taxation Service (FTS), expressed his concerns that cryptocurrencies could be a path for tax evasion.
  • During an interview with a news agency, RBC, Egorov mentioned that the tax authority is ‘closely watching’ the crypto market and assessing its potential to ‘significantly erode the country’s taxation base.

Want to know more click here go to source.

From -


Site Language

Popular Topics

apple  UK  hyosung  soybean  Gsk 

Popular Posts


By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.