📄️ 4.1. What are DFAs (Digital Financial Assets)?
What digital financial assets (DFAs) are under Russian law, how they are defined by Federal Law 259-FZ and how they differ from cryptocurrencies and digital currency
📄️ 4.2. DFA Market Infrastructure
How the digital financial assets (DFA) market works in Russia: information system operators, exchange platforms and investor access rules
📄️ 4.3. Types of Digital Financial Assets (DFAs)
What types of digital financial assets (DFAs) exist in Russia: debt, asset-backed, equity, structured DFAs and DFAs linked to foreign digital rights (FDRs)
📄️ 4.4. Issuance of Digital Financial Assets (DFAs)
How digital financial assets (DFAs) are issued in Russia: issuance process, legal framework, role of operators and market practice
📄️ 4.5. Taxation, Risks and Limitations of DFAs
How digital financial assets (DFAs) are taxed in Russia: tax rates, calculation examples, risks and market limitations