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ИД «Финансы и кредит»






Finance and Credit

Categorizing digital assets into digital financial and non-financial ones

Vol. 30, Iss. 1, JANUARY 2024

PDF  Article PDF Version

Received: 25 September 2023

Received in revised form: 9 October 2023

Accepted: 23 October 2023

Available online: 30 January 2024

Subject Heading: THEORY OF FINANCE

JEL Classification: G00, G19

Pages: 177–193


Svyatoslav E. BORISOV Moscow University for Industry and Finance “Synergy”, Moscow, Russian Federation


Subject. This article deals with the issues related to digital assets.
Objectives. The article aims to classify digital assets into financial and non-financial ones based on their essence.
Methods. For the study, I used analysis, classification, and the inductive approach.
Results. The article offers an original classification of digital assets. It defines the main features for classifying objects of civil rights as digital assets and notes that the current Russian legislation does not allow digital assets to be classified as digital financial assets, which in their essence are digital ones.
Conclusions. The presented classification of digital assets can be used as a starting point for the development of a methodology for evaluating digital assets based on their classification, and can also be used to refine current legislation in order to more accurately define the term Digital Financial Assets.

Keywords: digital assets, digital asset classification, digital financial assets, digital non-financial assets, crypto assets


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