FEATURES AND PROSPECTS OF CRYPTOCURRENCY DEVELOPMENT IN UKRAINE

Abstract

The article examines the peculiarities of the emergence and development of virtual assets -cryptocurrencies. The history and reasons for the creation of the most famous cryptocurrency -bitcoin -are analysed. The advantages and disadvantages of using cryptocurrencies are presented. The principle of blockchain operation is described. The foreign experience of regulating the circulation of cryptocurrencies is analysed. The possibility of integrating best practices to legalise and minimise the risks of using cryptocurrencies in Ukraine is substantiated.