The potential annual turnover of Russian cryptocurrency transactions could reach $850 billion by 2030, Vedomosti writes, citing an estimate by Alfa Bank. In order to return these funds from foreign sites to the Russian infrastructure, the bank proposes to conduct a tax amnesty for investors during the coming year. According to the operational director of the credit institution's corporate and investment business, Dmitry Whitman, the development of the local market is hampered by the uncertainty of the tax implications when transferring digital assets.

The potential annual turnover of Russian cryptocurrency transactions could reach $850 billion by 2030, Vedomosti writes, citing an estimate by Alfa Bank. In order to return these funds from foreign sites to the Russian infrastructure, the bank proposes to conduct a tax amnesty for investors during the coming year. According to the operational director of the credit institution's corporate and investment business, Dmitry Whitman, the development of the local market is hampered by the uncertainty of the tax implications when transferring digital assets.