Cryptocurrency market regulation in Ukraine

Abstract

Law, as the main regulator of social relations, should objectively keep up with their rapid modern changes, respond to the fact that new relations are emerging based on the latest digital technologies. Cryptocurrency, as the general name of the latest technologies, is a new factor that affects economic relations more and more every year. During the last five years, when many countries have already actively begun to include the legal regulation of cryptocurrencies in the framework of national legislation, Ukraine remained aloof from this law-making process. However, every year it became more and more obvious that such a state policy would only lead to lagging behind other states in the development of the latest technologies. Since the beginning of 2022, the understanding of the need for the development of digital technologies, including with the help of adequate legal regulation of “cryptocurrency” in Ukraine has begun.