The global cryptocurrency market is ready for an unprecedented storm! Just now, the Russian parliament passed a shocking bill, announcing the exemption of digital currency from VAT! This means that Russia will become a super "paradise" for digital currency, which is not only a great benefit for investors and miners, but also a huge influx of global capital! Is this a radical change in the global crypto market, or is it the next wealth opportunity you may miss? In the future crypto market, the team you stand on will determine whether you can ride the wind and waves and make a fortune!
Russia's new policy directly breaks the "tax shackles"! The global market is going to be shaken
You read that right! Russia threw out a "tax-free card" for the first time in the world - digital currency is classified as property and is completely exempt from value-added tax! This is not a small fight, this is a "tax revolution" for digital currency around the world! Russia broke the previous "restricted" framework of digital currency, allowing investors to trade freely here, and no longer need to pay taxes on the added value! Imagine the surge in Bitcoin in the past year. Now, if you trade any cryptocurrency in Russia, you can directly save a lot of taxes! This is a huge signal to global investors - Russia, it's time to harvest the world's capital!
Miners, your "paradise" is here!
In addition to being beneficial to investors, miners also ushered in a new dawn! In the past, Russian miners were troubled by tax pressure, but with the passage of the bill, miners can not only conduct business more easily, but also no longer worry about value-added tax. Although personal data still needs to be reported to the tax authorities, compared with the heavy burden of value-added tax, this is simply a "wealth tax exemption voucher"!
Moreover, Russia's tax policy for miners is not severe. Miners only need to pay 13% tax according to personal income tax, and high-income earners will face a 15% tax rate in the future. Compared with the high tax rates of digital currency powers such as the United States and Japan, it is a world of difference! This will greatly promote the healthy development of the mining ecosystem, stimulate more capital injection, and further promote the rapid expansion of the crypto industry!
Capital inflows accelerate! Whales make large investments, Russia becomes a new safe haven
Big money always walks ahead! According to the latest monitoring data, a global whale player has earned $15.69 million through two BTC band operations! Not only did he spend 53.65 million USDT to buy 553.3 WBTC at an average price of $96,966 in 11 hours, it shows the crazy inflow of funds! These big money players are optimistic about the emerging market of Russia - they know that Russia's tax-free policy will bring them immeasurable profits! These funds are not just "following the trend", but they are looking at the future explosive potential of the Russian market! These investments will accelerate Russia's development into one of the centers of global cryptocurrency!
Russia's policies have triggered fierce competition among global capital! In the coming months, cryptocurrencies will usher in a "great migration of wealth"!
In the coming months, global capital will no longer just stay in the crypto markets of the United States, Europe, and Asia. Russia's tax-free policy will trigger a "migration wave" of global capital! And the flow of these funds will drive the full outbreak of the digital currency market - waves of wealth will start from Russia and sweep the world! Global investors, especially big money players, will flock to Russia in search of lower tax burdens and higher investment returns!
This massive capital flow is expected to completely change the landscape of the global cryptocurrency market! If other countries fail to follow up in time, they will inevitably be left behind! It can be boldly predicted that in the near future, Russia will become the "new paradise" of the cryptocurrency market, and global wealth and capital will also pour in!
As a senior cryptocurrency investor, I would like to share my experience and insights. Are you interested in cryptocurrency but don't know where to start? Click on the avatar to see the introduction of the cryptocurrency industry and witness the miracle moment together.