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TechFlow news, Ivan Chebeskov, Head of the Financial Policy Department at the Russian Ministry of Finance, estimated that Russian miners generate approximately $4 billion annually from cryptocurrency mining, with profits around 100 billion rubles ($1.198 billion). Taxation of the industry could bring about 200 billion rubles (approximately $240 million) in revenue to the budget.
Ivan Chebeskov, head of the Financial Policy Department at the Russian Ministry of Finance, estimated that Russian miners generate approximately $4 billion annually from cryptocurrency mining, with profits amounting to about 100 billion rubles ($1.198 billion). Taxation of the industry could bring around 20 billion rubles (approximately $240 million) into the budget.
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