The #Russian government report estimates that, if the country introduces regulations for the #crypto market and imposes a #tax on transactions that involve crypto assets, it could generate as much as RUB 1tn ($13.3bn) in revenue for the state budget.

Trading volumes between the #Russian #ruble and #bitcoin (RUB/BTC) increased to 9-month highs as the country's fiat currency plunged to record lows due to the fallout from the #Ukraine invasion.



#RussiaUkraineConflict #RUBBTC