Digital Financial Assets to be Integrated into General Tax Base

The Ministry of Finance and the Bank of Russia have endorsed the proposal to incorporate income and expenses from digital financial assets (DFA) into the general tax base. This was reported by Kommersant, citing a statement from Deputy Finance Minister Alexei Sazanov.

Currently, transactions involving all DFAs are accounted for separately, making them less advantageous compared to traditional loans. Legislative changes will eliminate regulatory arbitrage.

“For these ‘debt DFAs,’ we are prepared to account for expenses and income in the general base, similar to how interest on bank loans and bonds is currently handled,” noted Sazanov.

For other types of digital financial assets, this will become feasible once sector-specific regulation is established.

Market participants anticipate that aligning taxation will enhance the economic efficiency of issuing DFAs for corporate issuers.

As of today, 14 companies in Russia hold licenses to issue tokens. According to the Central Bank, in 2024, they collectively issued approximately 700 DFA offerings worth 450 billion rubles. At the beginning of 2025, assets worth over 270 billion rubles were in circulation.

Earlier in the first half of 2025, the Moscow Exchange’s “Finuslugi” marketplace plans to offer the general public access to purchasing DFAs.