How are cryptocurrency purchase and sale transactions accounted for under Russian accounting standards?

According to the position of the Federal Tax Service of the Russian Federation, as set forth in the clarification published on the official website of the tax authority, digital currency (including cryptocurrency) is recognized as property, which corresponds to the general approach established by Federal Law No. 259-FZ dated July 31, 2020. At the same time, it does not constitute cash, currency values, or financial instruments. In accounting, such assets are recorded as other property. They are not subject to depreciation, as they do not fall within the category of depreciable assets. The organization must independently determine the procedure for accounting operations involving cryptocurrency in its accounting policy — for example, by analogy with the accounting of other property or financial investments. It is also important to record transactions at market value as of the transaction date and to ensure documentary evidence of the acquisition, storage, and disposal of cryptocurrency.