Russia's Ministry of Finance recently released guidance letter No. 03-08-13/114723, which clarifies the taxation of income from digital financial assets derived by foreign companies. The letter first explains that, as per Federal Law No. 259-FZ of 31 July 2020, digital financial assets are digital rights that include monetary claims, the ability to exercise rights over securities, the right to participate in the capital of a non-public joint-stock company, the right to demand the transfer of …