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Cryptocurrency can bring about 300 billion rubles to Russian budgets
EMCD CEO Michael Jerlis told RBC that about 900 bitcoins are mined in the world every day, with Russian miners accounting for slightly more than 10% of the total output. Accordingly, at today's bitcoin exchange rate, the Russian annual mining volume is estimated at $1.3 billion.
According to Jerlis, the most pressing question today is what kind of tax regime Russia will establish for the miners. He believes that Russia will be able to receive up to $200 million in taxes per year from cryptocurrency mining under the current price correction.
“I believe it makes sense to consider special electricity rates for mining companies, as well as benefits for those willing to locate the facilities in depressed regions of Russia or in places where energy companies have excess capacity,” Michael Jerlis said.
Eduard Kim (BaksDAO) also believes that reasonable regulation of the cryptocurrency market will bring at least 300 billion rubles to the RF budgets at all levels over the next five years, and probably more, because today it is difficult to give a realistic estimate of the Russian mining market.
Source: RBC