Russia Approves 15% Tax on Crypto

Taxation is a part in cryptocurrency market which is a good discussion point. Different countries follow different taxation guidelines where some countries are trying to increase the tax percentage for transactions and some of the countries are trying to reduce it. With the kind of tax policies those countries have in place also shows that how much they are Crypto Pro or anti Crypto because if the percentage is higher than it is obvious that the comment is not encouraging the crypto adoption in the country.

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If the tax percentage is lower than it is also signal in that the country is trying to adopt more Crypto and they want more people to be part of. Samapt countries like Dubai and Russia are doing good in Crypto market because they are trying to build an infrastructure and ecosystem which is friendly for companies.

Russia has taken a lead and they have set up the taxation at 15% which is good because it is something which is not very high and also not very low so reasonable amount of tax percentage is good for the overall Crypto industry. While many countries are still struggling to get the clarity about Crypto but it's good that's some of them have taken the lead already.

I hope that the taxation part get easy over period of time so that people in Crypto can experience a better experience and also encourage more people to get on boarded.

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