SOME ASPECTS OF INTERNATIONAL COOPERATION IN THE SPHERE OF TURNOVER OF VIRTUAL ASSETS IN UKRAINE
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Published:
Oct 25, 2022
Abstract
The legalization of virtual assets in Ukraine can become a stimulus for the development of its economy. FATF and other anti-money laundering organizations are moving very quickly towards transparency and control over virtual assets. Ukraine is cooperating with international financial institutions that combat money laundering. The purpose of this article is to conduct research aimed at establishing specifics of the existing state mechanism of international cooperation of Ukraine in the sphere of circulation of virtual assets. According to the results of the study, it was found that certain types of prohibitions for a legal entity to acquire the status of a service provider related to the circulation of virtual assets violate numerous international norms and constitutional rights and freedoms of such legal entity to free access to the market and business activities.
How to Cite
Hrytsai, S. (2022). SOME ASPECTS OF INTERNATIONAL COOPERATION IN THE SPHERE OF TURNOVER OF VIRTUAL ASSETS IN UKRAINE. Baltic Journal of Legal and Social Sciences, (2), 36-40. https://doi.org/10.30525/2592-8813-2022-2-6
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Keywords
virtual assets, cryptocurrency, bitcoin, digital currency, non-cash money, money surrogate, international cooperation, FATF.
References
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8. Poiasniuvalna zapyska do Proektu №7150 Zakonu Ukrainy «Pro vnesennia zmin do Podatkovoho kodeksu Ukrainy shchodo opodatkuvannia oborotu virtualnykh aktyviv v Ukraini» [Explanatory note to Draft No. 7150 of the Law of Ukraine «On Amendments to the Tax Code of Ukraine on Taxation of Turnover of Virtual Assets in Ukraine»]. (2022). URL: https://itd.rada.gov.ua/billInfo/Bills/ pubFile/1245235 (accessed 14 July 2022) (in Ukrainian)
9. Pro virtualni aktyvy [About virtual assets], Pub. L. No. 2074– IX (2022). URL: https://zakon.rada.gov.ua/go/2074-20 (accessed 14 July 2022) (in Ukrainian)
10. Pro zapobihannia ta protydiiu lehalizatsii (vidmyvanniu) dokhodiv, oderzhanykh zlochynnym shliakhom, finansuvanniu teroryzmu ta finansuvanniu rozpovsiudzhennia zbroi masovoho znyshchennia [On the prevention and countermeasures against the legalization (laundering) of proceeds obtained through crime, the financing of terrorism and the financing of the proliferation of weapons of mass destruction], Pub. L. No. 361– IX (2019). URL: https://zakon.rada.gov.ua/go/361-20 (accessed 14 July 2022) (in Ukrainian)
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