ON THE ISSUE OF CLASSIFICATION OF CRYPTO ASSETS

УДК 336.74

Abstract

This article explores various approaches to the classification of crypto-assets. The authors analyse both Russian and international efforts to define, identify, and categorize these emerging financial instruments. It examines the classifications and definitions proposed by financial platforms, institutions, and regulators – entities actively engaged with these new financial tools in practice. The authors present and justify their own classification system for crypto-assets, supported by statistical data on the market capitalization of different cryptocurrency types, daily trading volumes, and structural changes over the past five years. Given that the global number of crypto-asset users has reached 617 million, establishing a clear and comprehensive classification system has become a crucial and timely task. Such a system would help facilitate appropriate state regulation of the issuance and circulation of crypto-assets by enabling the selection of regulatory approaches that best fit each specific type.