STATE REGULATION OF TAXATION OF VIRTUAL ASSETS: RISKS AND POSSIBILITIES OF MATERIALIZATION

Virtual assets, having a digital form, acquire commercial value and currently participate in the economic turnover. These include: digital currency, digital accounts, domain names, three-dimensional models of things, digital or account data, virtual currency, cryptocurrency, tokens, avatars of virtual reality, etc., which is of interest for commercial activities, inheritance, creation of a property share at creation or bankruptcy of individuals and legal entities or individual entrepreneurs, division of property. At the same time, entering into real economic circulation, they remain outside the real field of their taxation. The presented study examines the interaction between the real economy and virtual assets (VA) for their further taxation, proposes a materialization algorithm, i. e., the transformation of a virtual good into a material one, and also proposes a tool for taxing materialized VA by applying a tax on added capital. The main stages of transforming a VA into an object are defined as: attribution (attachment of specific assets and events to specific organizations or individuals), control with the help of blockchain analytical tools; the stage of materialization, within which the author proposed the possibility of legal exchange of VA for E-hryvnia, which will be regulated through the regulations of the National Bank of Ukraine and the Ministry of Statistics. The final step is taxation, which can be based on the principles of action of normative acts on taxation of income on added capital, which are used in global practice. It has been established that the leading trend in the development of the modern economy is the transformation of the real (material) economy into a digital one, within these limits, the integration of virtual assets into the economic processes of Ukraine will allow to increase the level of their use and efficiency.