CURRENT TRENDS IN LEGAL REGULATION OF CRYPTOCURRENCY PAYMENTS

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Published: Aug 13, 2025
https://doi.org/10.30525/2592-8813-2025-3-6

  Vitalii Volynets

Kyiv University of Tourism, Economics and Law
https://orcid.org/0009-0003-0714-236X

Abstract

The purpose of the article is to examine current trends in the legal regulation of payments involving cryptocurrency, with a focus on Ukrainian and international practices. The study begins with a historical and technological overview of cryptocurrency development, emphasizing Bitcoin’s emergence and the underlying blockchain technology. Special attention is given to the provisions of the Law of Ukraine “On Virtual Assets”, highlighting both its strengths and legal gaps, particularly regarding the definitions and regulation of virtual asset issuers. The author argues for the urgent need to improve Ukraine’s legal infrastructure to ensure both investor protection and international integration. The work contributes to the broader understanding of how digital finance is reshaping modern legal systems, while also posing serious challenges for law enforcement and policymakers.

How to Cite

Volynets, V. (2025). CURRENT TRENDS IN LEGAL REGULATION OF CRYPTOCURRENCY PAYMENTS. Baltic Journal of Legal and Social Sciences, (3), 46-52. https://doi.org/10.30525/2592-8813-2025-3-6
Article views: 2 | PDF Downloads: 1

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Keywords

cryptocurrency, virtual assets, legal regulation, blockchain, compliance, money laundering

References
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Issue
No. 3 (2025): Baltic Journal of Legal and Social Sciences