Trends in legal support for the use of blockchain technology and virtual assets
DOI:
https://doi.org/10.21564/2225-6555.2020.18.216789Keywords:
blockchain, blockchain platform, virtual asset, economic development strategy, cryptocurrency, cryptowallet, digital economy, decentralized register, Bitcoin, compliance officerAbstract
Current approaches to determining blockchain technology and virtual assets’ legal status are considered to form effective mechanisms of legal regulation for their use in Ukraine. The current trends in the regulation of blockchain technology and virtual assets by the world’s leading countries and international financial institutions are analyzed. An analysis of the transformation of existing views on the definition of the blockchain’s economic and legal nature is formed by both scientists and the international business community. Blockchain is a promising technology for many business areas, including law, financial sector, insurance, banking, real estate and many others due to certain advantages of blockchain, namely the general availability, distribution and complete reliability of the database.
The increase in the scope of blockchain and virtual assets necessitates creating a legal framework for the regulation of relations in the field of application of systems based on this technology. Besides, attention is paid to the main vectors of economic development to create a useful model of the digital economy in Ukraine, which should be enshrined in the National Strategy for Economic Development, presented by the Cabinet of Ministers of Ukraine in 2021. Based on the analysis of the latest changes, additions and adoption of new laws by the Verkhovna Rada of Ukraine, the main advantages and disadvantages of using blockchain technology and virtual assets in Ukraine are systematized account existing international experience and recommendations of leading international institutions in this fieldReferences
Hlava Kabminu povidomyv, koly predstavliat stratehiiu ekonomichnoho rozvytku Ukrainy do 2030 roku. Ukrainski Natsionalni Novyny. (2020). URL: https://www.unn.com.ua/uk/news/1901361-glava-kabminu-povidomiv-koli-predstavlyat-strategiyu-ekonomichnogo-rozvitku-ukrayini-do-2030-roku [in Ukrainian].
Pro khmarni posluhy: рroіekt zakonu Ukrainy vid 20.12.2019 r. № 2655. URL: http://w1.c1.rada.gov.ua/pls/zweb2/webproc4_1?pf3511=67744 [in Ukrainian].
Pro virtualni aktyvy: рroіekt zakonu Ukrainy vid 11.06.2020 r. № 3637. URL: http://w1.c1.rada.gov.ua/pls/zweb2/webproc4_1?pf3511=69110 [in Ukrainian].
Uriad vyznachyv 30 priorytetnykh proiektiv v ekonomitsi do 2030 roku. Ekonomichna Pravda. (2020). URL: https://www.epravda.com.ua/news/2020/11/6/666993/ [in Ukrainian].
Pogribnyy, D.I. (2019). Suchasni tendentsii vyznachennia pravovoho statusu kryptovaliut (hospodarsko-pravovyi aspekt. Pravo i suspilstvo, 6, 135–142 [in Ukrainian].
O’Leary M. The Mysterious Disappearance of Satoshi Nakamoto, Founder & Creator of Bitcoin. URL: https://www.huffpost.com/entry/the-mysterious-disappeara_2_b_7217206
Nik Sabo bol’she uveren v budushhem kriptovaljut chem v budushhem dragocennyh metallov. bits-media. (2019). URL: https://bits.media/nik-sabo-bolshe-uveren-v-budushchem-kriptovalyut-chem-v-budushchem-dragotsennykh-metallov/ [in Russian].
Tehnologija blokchejn uzhe izmenjaet mir finansov: kak imenno. Vestnik MSFO, 7. (2018). URL: https://msfz.ligazakon.ua/ua/magazine_article/FZ001579 [in Russian].
Yak vidbuvaiutsia tranzaktsii vseredyni blokcheinu? CoinNews. URL: http://46.101.213.25/ua/category/78-osnovi/article/634-kak-proishodyat-tranzakcii-vnutri-blokchejna
Blockchain. IT Enterprise. URL: https://www.it.ua/knowledge-base/technology-innovation/blockchain
Pro publichni elektronni reiestry : рroіekt Zakonu Ukrainy vid 10.09.2019 r. № 2110. (2019). URL: https://w1.c1.rada.gov.ua/pls/zweb2/webproc4_1?pf3511=66772 [in Ukrainian].
Pro zapobihannia ta protydiiu lehalizatsii (vidmyvanniu) dokhodiv, oderzhanykh zlochynnym shliakhom, finansuvanniu teroryzmu ta finansuvanniu rozpovsiudzhennia zbroi masovoho znyshchennia : Zakon Ukrainy vid 06.12.2019 r. № 361-IX. (2019). URL: https://zakon.rada.gov.ua/laws/show/361-20 [in Ukrainian].
Derzhfinmonitorynh: Kerivnytstvo FATF z ryzyk-oriientovanoho pidkhodu do virtualnykh aktyviv ta postachalnykiv posluh z perekazu virtualnykh aktyviv. Ukrainska Asotsiatsiia Investytsiinoho Biznesu. URL: https://www.uaib.com.ua/aktual-kua/fin-monit/278543 [in Ukrainian].
Kryptovaliuta pod kontrolem: chto nas zhdёt posle vvedenyia novыkh pravyl fynansovoho monytorynha v Ukrayne? Liga Biznes. URL: https://biz.ligazakon.net/ru/ analitycs/194740_kriptovalyuta-pod-kontrolem-chto-nas-zhdyot-posle-vvedeniya-novykh-pravil-finansovogo-monitoringa-v-ukraine [in Russian].
Tsyfrovizatsiia – odyn z holovnykh vektoriv rozvytku ekonomiky u nastupni 10 rokiv. Ministerstvo ta Komitet tsyfrovoi transformatsii Ukrainy. URL: https://thedigital.gov.ua/news/tsifrovizatsiya-odin-z-golovnikh-vektoriv-rozvitku-ekonomiki-u-nastupni-10-rokiv [in Ukrainian].
Navishcho potriben i de vykorystovuiut blokchein u derzhavnii sferi. MediaSapiens. URL: https://bit.ly/3naWLoB [in Ukrainian]
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2020 Дмитро Ігорович Погрібний
This work is licensed under a Creative Commons Attribution 4.0 International License.
