Russia Ranks Ninth in Global Taxable Crypto Activity with Estimated $13 Billion

According to a study by analytics platform Chainalysis, the total volume of cryptocurrency transactions potentially subject to taxation exceeded $457 billion in 2025. Russia ranked ninth on this list with an estimated $13 billion in taxable crypto activity.

The United States took the top spot with $112.6 billion, followed closely by Germany at $24.1 billion and China at $21 billion. Ukraine and Belarus also appeared on the list, with $6.8 billion and $916.4 million respectively.