Virtual assets as a taxable object: directions of legal regulation and key principles

Abstract

The article examines the directions and principles of legal regulation of virtual assets in Ukraine, taking into account their specifics as an object of taxation. The constitutional, tax, administrative, criminal and civil aspects of regulation that ensure the integration of virtual assets into the national legal system are considered. Key challenges and problems are identified, in particular the lack of clear taxation mechanisms, the need to harmonize national legislation with international standards, as well as the issue of ensuring transparency, consumer protection and state sovereignty in the financial sector. Particular attention is paid to the principles of legal regulation, in particular legitimacy, transparency, technological and tax neutrality, adaptability of legislation and international cooperation. It is noted that a comprehensive approach to the regulation of virtual assets will contribute to the effective functioning of the digital economy, attracting investments, protecting the rights of owners and developing innovative technologies. The emphasis is on the importance of ensuring the harmonization of the regulatory framework with constitutional principles and international standards. The role of criminal law regulation in combating fraud, money laundering and terrorist financing is emphasized. The need to create legal mechanisms for resolving disputes, licensing activities related to virtual assets, and implementing effective control over financial transactions is also considered. The author concludes that the implementation of legal frameworks focused on the rapid changes in the digital economy will allow Ukraine to ensure the stability of the financial system, increase the competitiveness and effectiveness of state economic policy in the field of virtual assets.