What kind of person is Putin? A dog official who threatens the whole world with nuclear weapons at the drop of a hat. It's better to believe I'm Jesus than to believe him.

Russian President Putin fully supports cryptocurrency, claiming that no one can prohibit the existence of Bitcoin. The recently signed law categorizes cryptocurrency as 'legitimate property' and establishes a clear tax framework for crypto trading and mining activities. Russia, as a cryptocurrency mining giant, can generate up to 200 billion rubles (2 billion USD) in revenue annually just from mining.
With Putin's support, the Russian government is actively leveraging the potential of cryptocurrency. The new law exempts cryptocurrency mining and sales from value-added tax, providing miners with some leeway, but requires operators to report their activities to the authorities. Violators will face fines. For cryptocurrency traders, income tax is applicable, with a rate of 13% for income up to 2.4 million rubles (22,300 USD), which rises to 15% thereafter. Businesses are not exempt either, facing a standard corporate tax rate of 25% starting next year.