REGULATION OF RELATIONS WITH VIRTUAL ASSETS AND ITS IMPACT ON THE TAX LEGISLATION OF UKRAINE

This article considers current aspects of the regulation of virtual assets in Ukraine and its further impact on tax legislation. Possible functional features of the mechanism providing the Law of Ukraine «On Virtual Assets» through other laws and their projects in the field of tax law are analyzed. The main relationship between «technical» legislation and its impact on the implementation of relevant standards has been studied. An important aspect in this case is the direct compliance with the norms and the total importance of the legal system of the state for the possibility not only of the process of regulating certain types or kinds of legal relations, but also their actual implementation. The article also focuses on the compliance of national legislation with European Union and world law, recommendations of international organizations, in particular, the FATF, as well as the basic principles developed over the past 10 years in the practice of countries that have introduced permanent regulation of virtual assets. Based on this, possible additional ways of solving problems that hypothetically arise from the experience of other countries are also described. The model of research by SWOT — the analysis of the covered problems is offered. Thus: the strengths and weaknesses of the legislation (Strengths, Weaknesses), opportunities (Opportunities) that it provides, as well as threats (Threats). The method used makes it possible to determine the directions of the necessary changes in legislation. Possible negative and positive aspects of projects and current regulations in the field of tax policy are highlighted. The author concludes that although the government is taking significant steps to implement a policy of active participation, the system still requires more torture.