I have to wonder if it’s at all coincidental that this comes at the same time as the Crypto Reserve announcement. A few years back, Putin legalized money laundering in Russia with the introduction of an electronic ruble, and a 25% tax on e-ruble conversions to regular rubles when provenance of the e-ruble’s source is not provided. An easy way to hide illegal transactions, and a nice cut for the state so Putin can take it for himself.
Of course it will.
I have to wonder if it’s at all coincidental that this comes at the same time as the Crypto Reserve announcement. A few years back, Putin legalized money laundering in Russia with the introduction of an electronic ruble, and a 25% tax on e-ruble conversions to regular rubles when provenance of the e-ruble’s source is not provided. An easy way to hide illegal transactions, and a nice cut for the state so Putin can take it for himself.