PROSPECTS FOR THE DEVELOPMENT OF LEGAL REGULATION OF DIGITAL ASSETS IN UKRAINE

Abstract

The development of digital assets in Ukraine is gaining popularity, while in the international field, digital assets are becoming globalized and occupy a leading place in the list of currencies. The problems of legal regulation of digital assets are characterized by the following areas: lack of unified digital currency standards; risks for investors and users; technical risks; challenges for regulators; technological differences; taxation problems; impact on economic stability. Proposals for the introduction of virtual assets in Ukraine have been developed: the creation of international standards and recommendations for the regulation of digital assets at the level of such organizations as the International Monetary Fund (IMF) or the Organization for Economic Cooperation and Development (OECD); implementation of unified national legislation based on international standards to harmonize regulatory approaches between countries; active participation in international initiatives and forums aimed at discussing and solving issues of legal regulation of digital assets; introduction of clear requirements for transparency and security of transactions with digital assets, as well as creation of mechanisms to protect the rights of investors; introducing educational programs for investors and users to increase their awareness of the risks and security of digital assets; introduction of insurance schemes to protect investors against possible losses due to fraud or technical failures; strengthening international cooperation and exchange of information between regulators for effective control and monitoring of transactions with digital assets; implementation of advanced technologies for monitoring and analysis of digital asset markets, such as artificial intelligence and blockchain; creation of technical standards ensuring compatibility between various blockchain platforms and digital currency systems; promoting the implementation of open standards to ensure interoperability between different technologies and platforms; development of unified tax rules for digital assets at the international level, which will avoid double taxation and tax evasion; providing clear instructions and recommendations for taxpayers regarding the taxation of transactions with digital assets.