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Glossary

Format of each glossary article: a one-paragraph definition, legal status, practical significance. Release version — 19 terms.

19 terms

Glossary

Digital currency
Statutory concept of cryptocurrency: property that is not a monetary unit; the basic category of Law No. 282-FZ.
Digital rights
The Civil Code’s generic category for tokenised rights.
DFA
Digital financial assets: regulated rights issued in Russian information systems.
Hybrid DFAs
Constructions linking DFAs with tokens on open blockchain networks.
UDR
Utility digital rights.
ICI
Foreign digital instruments: digital-currency rules apply to them (Art. 1 of No. 282-FZ).
OIS
Operator of the information system in which DFAs are issued.
Digital-currency exchange operator
Register status under Law No. 282-FZ.
Stablecoin
A token linked to an underlying asset; legal regime in Russia.
Mining
Legal definition, register, taxation.
Mining pool
Pooling of computing power; legal risks for participants.
Hashrate
Computing power; significance for activity qualification.
ELR
Experimental legal regime.
RWA tokenisation
Issuing tokens on real-world assets.
DeFi
Decentralised finance; regulatory approaches.
Smart contract
Legal nature of automated agreements.
Airdrop
Free token distribution; risks of qualification as an offering.
Digital rouble
Central bank digital currency; difference from cryptocurrency.
TBDB
Cross-border non-cash settlements in digital currencies; a theme of Bank of Russia round tables.
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