Regulatory and legal support for transactions with virtual assets in Ukraine

Introduction. The globalization of world economic processes actualizes the issue of ensuring economic security, which is characterized in Ukraine by the growth of risks and threats associated with the tinization of the economy, the growth of the volume of illegal financial transactions for laundering dirty funds through the use of crypto-assets. Ensuring transparency in operations with virtual assets through the harmonization of the national legal and tax base with the best global practices will contribute to the detinization of the economy and the growth of revenues to the budget of Ukraine. Problem Statement. The basis for implementing effective measures to prevent and counter risks and threats of using virtual assets in the shadow economy is the updated regulatory and legal support for the studied operations, based on international FATF standards and best global practices for taxation of transactions with virtual assets, taking into account national specifics. Purpose. To clarify the directions for further harmonization of regulatory and legal support for financial monitoring of transactions with virtual assets in Ukraine in the context of the goals of the state's economic security. Methods. The methods of generalization, analysis and synthesis, induction and deduction, grouping, abstraction were used. Results. The issue of harmonization of regulatory and legal support of operations with virtual assets with FATF international standards, and the issue of taxation of transactions with virtual assets in Ukraine were analyzed. Conclusions. Regulation of legal relations regarding the circulation, storage, possession, use and carrying out of transactions with virtual assets, and their taxation in Ukraine will contribute to the transparency of financial transaction data, to bring them out of the shadow, and will prevent tax evasion for the outlined financial transactions.