Sep 30, 2019·Scientific Bulletin of Ivano-Frankivsk National Technical University of Oil and Gas (Series Economics and Management in the Oil and Gas Industry)
The aim of the study is to evaluate innovative technologies for social development financing. Research methods. Theoretical and methodological basis of the research is the scientific work of domestic and foreign authors on financing of social development with the help of innovative technologies, Internet resources. The study uses a set of general and special scientific methods and approaches, including: monographic - for the literary review of the problem under study; systemic and structural analysis – for interpretation of the essence of fundraising, crowdsourcing, crowdfunding as complex economic categories, logical generalization, systematic method, method of comparisons, graphical methods, which allowed to ensure the conceptual unity of the research. Results of work. Innovative technologies of financing of social development are analyzed, among them: fundraising, crowdsourcing, crowdfunding. The activities of the Na-Starte Kraudfanding Platform, including the involvement of interested parties in this Crowdfunding Platform, are described. It has been established that financing of social projects by providing grants is a significant step forward from the point of view of development of social responsibility of business. It is traced that today in Ukraine there are a number of active grant programs in the field of education, science, medicine, and social security. Conclusions. The listed innovative approaches become relevant in the context of decentralization and community development, in particular, participatory budgeting is the ability of male and female residents of the city to participate in deciding how to distribute a certain part of the budget.
Mykola Kucheryavenko, Olga Dmytryk, Oleksandr Golovashevych
The advent of cryptocurrencies and rapid growth of crypto-networks heralded a new era in evolution of financial relations. The main goals achieved by introduction of cryptocurrencies included: a) removal of the third party (the government, banking and financial institutions) from transactions between the parties to a transfer; b) anonymity of the parties; c) transaction security. The governments of various countries of the world have a different stance as regards the use of cryptocurrencies, and in some cases, they consider this medium of exchange illegal. The transnational nature of transactions involving cryptocurrencies and the absence of physical borders for these transactions complicate legislative regulation of the circulation of cryptocurrencies in Ukraine.The use of cryptocurrencies has significant effect on the economies of Ukraine and other countries of the world due to easy dissemination and popularity of this technology and the growing capitalization of cryptocurrencies. The exchange of cryptocurrencies into fiduciary money and the possibility of gaining substantial profits on a cryptocurrency exchange due to high volatility of cryptocurrencies necessitate development, as soon as possible, of approaches to legislative regulation of both terminological apparatus related to circulation of cryptocurrencies and the exchange transaction procedures, profit taxation, etc. Considering the multisided nature of crypto-networks and the diversity of cryptocurrencies currently existing in the world (over 2000 variants as of today), classification of existing cryptocurrencies and definition of their features represents a contemporary task.This article characterizes development of blockchain technology that serves as the basis for the functioning of cryptocurrencies, defines their characteristic features, positive and innovative concepts implemented with their advent. Cryptocurrencies were classified based on various criteria (issue type, network decentralization, limitation on issue, controllability of cryptocurrency issue, etc.), and two groups of features typical either for all cryptocurrencies or for their certain variants were proposed. It was proposed to define a cryptocurrency as a variety of e-money used as an alternative additional currency and circulated within global computer networks on the basis of blockchain technology that envisages asymmetrical encryption and the use of various cryptographic protection methods.
The features of legislation concerning taxation of cryptocurrency in different countries of Europe are analyzed in this article. The author uses the anthroposociocultural approach as the basis for the study of the problem. From the point of view of anthroposociocultural approach, the necessity of proper legal regulation of taxation of cryptocurrencies has been determined to ensure the realization of the human right to taxes. The legal regulation of taxation of cryptocurrency at the European level is analyzed. The author notices that there is still no unified approach to defining what cryptocurrencies are, and how countries can develop a common policy for taxing them. This is due partly to the anonymity of users, and partly to the ambition of virtual currencies to circumvent traditional financial institutions. The author specifies what taxes can cryptocurrencies be taxed by (tax on income, capital gains tax), analyzes European approaches to solving the problem of taxation of cryptocurrencies. The author notes that Eastern Europe states have more simple and attractive tax rates. The author of the article analyzes the European judicial practice in the field of taxation of IT activities, in particular cryptocurrencies, focuses on the practice of the European Court of Justice.
The article analyzes the implementation of the local budgets of the UTC of the Vinnytsia region. The achievements of the local self-government reform in terms of the effectiveness of management of the budget resources of the united territorial communities were determined. An analysis of the financial capacity of the budgets of the joint territorial communities of the region. The problematic aspects of the financial provision of the execution of functions by the local authorities are singled out. The ways of improving the territorial organization of power on the principles of decentralization and construction of financially self-sufficient territorial communities are proposed. Currently, financial autonomy of local budgets of UTC is provided by the relevant legal norms of the Budget Code of Ukraine. The implementation of individual steps of fiscal decentralization also expanded the financial autonomy of local budgets through: the establishment of uniform norms of deductions from national taxes; the difference between the indicative planning system of the local budgets of the Ministry of Finance of Ukraine; formation of a single basket of general fund revenues and expansion of the source of its filling; formation and putting into operation of the system of equalization of the tax capacity of the territory, etc.
One of the more notable developments in financial infrastructure framework during recent years has been the emergence of networking alternative financing platforms, aimed at bringing together firms and individuals looking for capital and others that have money to lend, invest or donate. That was upticked by establishment of innovative financing platforms and different business models, starting with peer-to-peer lending and equity crowdfunding and evolving to cryptocurrencies and virtual services providers. The emergence of crypto-assets is an important area of interest for regulatory authorities, including those dealing with issuance and secondary trading of crypto-assets. This article focuses on the innovative financial technologies impact phenomena, acknowledging FinTech imputed substantial benefits to the financial sector infrastructure, as well as considerable risks. Along with the analysis of theoretical developments of domestic and foreign scholars, an attention is paid to global discourse involving G20 and G7 countries, Financial Stability Board, Financial Action Task Force on Money Laundering (FATF), The International Organization of Securities Commissions (IOSCO) that raise serious regulatory and systemic concerns, as well as wider policy issues, which both need to be addressed before such projects can be implemented in full scope and integration prospects. Thus, emphasized the necessity to introduce the highest standards of financial regulation, especially with regards to anti-money laundering and counteraction to financing terrorism (AML/CFT), anti-corruption, financial transparency, accountability and inclusion in order to guarantee the stability of the financial system and consumer protection with awareness towards possible regulatory gaps. 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In the digital economy, the strengthening of the role of socially oriented non-profit organisations (NPOs) in addressing issues related to the harmonization of the social and economic aspects of society development, cannot be achieved without refocusing accounting on the solution of strategic tasks. An important tool of strategic planning and accounting in order to attract and monitor the use of earmarked funds — is budgeting, which had not been adequately reflected in the accounting activities of socially oriented NPOs. The organization of budgeting system in socially oriented non-profit organizations is based on the following characteristics: the problem of selection of calculation units; a high level of uncertainty of a profitable part of the budget, which is financed by revenues from basic and associate activities; the social orientation of the non-profit organizations, which defines the enhanced responsibility for performance and requires the clarification of the concept of operations results in itself. In the socially oriented NPO, the use of the result-oriented budgeting model, in which the expenditure of trust funds is administered in accordance with the principle of centralization on the one hand, and on the other hand, the objectives are achieved on the basis of the principles of decentralization, ensures planning, execution and monitoring of budget expenditures in direct connection with the specified, and achievable results. Under this model, the mobile annual budgets with a step equal to one month’s budgeting are used. Budget performance analysis aims to assess the quality of socially oriented non-profit organizations’ performance, which have a double-sided nature: on the one hand, the Organization’s efforts are evaluated, and on the other hand, the task force is evaluated. The effect of earmarked funds’ use becomes visible in subsequent reporting periods and is determined with regard to socially oriented NPOs within the society.
The processes of decentralization have shaped the overall vector of rural development through the establishment of the foundations of the inclusive approach, the practice of public administration and administration, as well as the enhancement of the community's internal capacity, self-development and self-sustainability. The aim of the article is to substantiate the prospects entrepreneurship and public administration development in rural areas in the context of decentralization. Objects of the study are: 1) consideration of the state, problems and trends of rural areas; 2) justification of mechanisms to enhance the processes of self-development and independence of territorial communities through the mechanism of social entrepreneurship and public administration. The research methodology is based on structural and logical design, system studies and synergetic analysis. Changing technological approaches in the system of public administration as a result of the latter's inability to prevent stagnation and focus on socio-environmental priorities of the country's development in the conditions of globalization intensified political processes in the regions through the activities of political parties and public organizations as bodies of public administration of territories. Participation of the process of development of the strategy of development of territorial communities gives an opportunity not only to increase the level of efficiency of management decisions, to expand the range of their influence (in particular, in the areas of ecologization of life, to develop start-ups, including among young people, spreading the practice of organic production, permaculture design, non-waste life, raising efficiency of the energy sector), but also contributes to the growing interest of members of society in implementing programs of development and enhancement of the social consciousness which in turn ensures the stability of the position areas as industrial and social activities. The emergence of family homestead and family homestead settlements has become the mechanism of sustainable development of the public sector on an ideological basis, which combines the responsibility and cooperation of individuals, representatives of state authorities and local self-government, including through the practice of public administration, empowerment of the population for decision-making and implementation of initiatives, improvement mechanisms of planning, coordination and financing of real changes, in particular on the basis of project and process approaches.
The article explores issues related to current problems of the public financial system. The author notes that the concept of the financial system belongs to economic categories and occupies a special place in a number of legal values. It is noted that the current financial legislation does not define the concept of the financial system, although the legal acts use such terms as the budget system, the tax system, the banking system, the monetary system, the credit system, the monetary system. However, their legislative definitions are also absent. This leads to a different interpretation of this concept and, accordingly, to a different understanding of its content and structure. It is recognized that the public nature of public economic relations related to the sphere of finance, money and credit, largely determines their financial and legal content, that is, the regulation of financial law as a public right. It is argued that the role of constituent legal institutions in the financial system of any country is not equal. Attention is drawn to such major financial and legal institutions as the budgetary system, the tax system, the banking system and the monetary system, without which the functioning of the financial system is impossible. The main task of today must be the desire for the stability of the public financial system as a whole and the harmonious interaction of all financial and legal institutions. The public financial system is a complex multifaceted financial and legal phenomenon that substantially covers the totality of centralized and decentralized public funds and those of individuals and legal entities. There is a need for a notion of the public financial system, as the global financial crisis has shown to be the most vulnerable, and the effects of globalization are becoming more and more visible to it.
Introduction. In the period of crisis aggravation in the economy of Ukraine, a household and economic entity, as a rule, avoid saving financial resources. They prefer to invest their capital in foreign currency, valuable things, real estate and gold. The choice of the investment object is often determined by the level of fluctuations of its value depending on the political situation in the state, extent of intervention of the third parties in the process of ownership and disposal of the object, legal security and so on. Lately more and more individuals note the desired criteria in relatively new instrument of the financial market - cryptocurrency.Purpose. The purpose of the article is the determination of modern features of cryptocurrency functioning in the world and assessment of the advantages and disadvantages of their use.Results. The essence of the cryptocurrency determines its main advantages: the confidentiality and data security of owners; independence from the state; the lack of territorial and time restrictions in transactions; the low cost of service, etc. As a result, the cryptocurrency is gaining the increasing popularity among the population, the infrastructure of its sale via terminals is forming (there were already about 5000 ones in 2018), futures contracts for Bitcoins are being put into practice, the network of commercial and production structures is expanding. It gives wide opportunities for cryptocurrency payment.Conclusion. The cryptocurrency becomes more and more important part of society and work technology all over the world. The number of people who use cryptocurrency increased and is approaching the population of a small country – from 2.9 to 5.8 million people. The majority are inhabitants of North America and Europe. For the effective functioning of cryptocurrencies their institutionalization is necessary. It can be done in two ways: first, it is a legal institutionalization, and secondly it is the market institutionalization, which is carried out through the establishment of formal and informal rules for cryptocurrency functioning.
The article proposes to carry out the process of developing a new financial system of the BRICS States in the following sequence: to transfer foreign trade between the States to settlements in national currencies, with the subsequent development of its own unit of account, which will subsequently be able to replace the dollar and the Euro in mutual settlements within the BRICS; develop your own cryptocurrency or choose one of the existing cryptocurrencies, which for a certain period will be one of the possible elements of the settlement mechanism in the mutual trade of these five countries; to develop supra-national crypto-currency for the countries members of the BRICS. This process will be very complex, as it will require many technological, macroeconomic and organizational challenges.To solve the problem of building a new financial and monetary system of the BRICS countries, the article analyzes the actual level of digitalization of financial activities in the countries of the Association, on the basis of which proposals are developed and the following conclusions are formulated: crypto-currency operations are not completely prohibited in any of the States of the Association, and the prohibitions apply only to certain operations (ISO, mining, exchanges). Cryptocurrency is not recognized as a legal means of payment; in the BRICS countries there are no own, national cryptocurrencies, and only projects of future cryptocurrencies are developed, taking into account the features of the set goalsof economic development and management of cryptocurrency activities; the countries of the Association do not abandon the use of blockchain technology in the field of economy and Finance, as it ensures the openness and security of data storage, the creation of centralized exchanges, the exchange of goods and services; the BRICS countries should be interested in a gradual shift away from dollar dependence. The instruments of this movement are the national currency, its own, internal unit of account, its own national cryptocurrency, supranational cryptocurrency.
Purpose. The aim of the article is determining the areas of diversification of rural development in decentralization in order to improve the quality of life of rural population and ensure the competitiveness of rural areas and achieve environmental security. Methodology of research. Common methods of study are applied in economic science in the course of the study, in particular: monographic, system and structural - in determining the directions of diversification of rural development in the conditions of decentralization. Findings. The following areas of diversification of rural development under decentralization conditions have been identified in order to ensure the social and ecological and economic development of rural territories: diversification of agricultural production; diversification of non-agricultural activities; diversification of funding sources; diversification of forms of ownership and management. It is suggested to diversify the development of rural territories in the field of agricultural production by expanding the range of products, increasing the volume of organic and niche production. It is determined that the choice of non-agricultural activities for each rural area is different and depends on natural resources and its location. The directions of diversification of non-agricultural activity in rural areas are proposed, such as: industry, rural green tourism, services and folk arts, production of specific regional products, legal entities and individuals, grants. We believe that the diversification of ownership and management in rural areas involves stimulating the development of different forms of ownership, promotion of various forms, creation of cooperatives and clusters. Originality. The scientific and practical recommendations on the formation of directions of diversification of rural development under decentralization conditions, which are determined depending on the object of diversification (agricultural production, non-agricultural activity, sources of financing, forms of ownership and management), have been improved. Practical value. The obtained results of the study are the basis for solving practical problems of rural development in the context of decentralization in Ukraine. Key words: diversification of rural development; agricultural production; non-agricultural activities; sources of financing; ownership and economic management; organic production; cluster.

 
 
 The purpose of the article is to reveal the role of the state in the field of social protection of the population, to analyze the tendencies of development of budget financing of social security in Ukraine and to offer ways to improve the reform of the sphere of social protection of the population. The article describes the priority directions of the activity of the state and institutional features of the interaction of the legislative and executive power in the field of social protection, developed an adaptive model of state regulation of the sphere of social protection in the context of decentralization, analyzed the dynamics of spending on social protection and social security.
 
 
Александра Шмырева, Александра Шмырева, Pavel P. Baranov, Pavel P. Baranov · 6 authors
The article estimate some aspects of the functioning of cryptocurrency, as a relatively new financial market instrument, the main participants in this market segment, cryptocurrency exchanges, taking into account key criteria: accessibility, mobility, operational efficiency. The aspects of regulation at the world and national levels are investigated.
 The authors give an assessment of the mechanism for regulating cryptocurrencies in separate countries ,which recognize this instrument and actively regulate it (Ar-gentina, Canada, Japan, Malazia, Switzerland),as well as countries, which reject (Vi-etnam) or just tolerate cryptocurrency, but do not have the regulatory framework for it use.
 Obviously, cryptocurrency is a relatively new instrument of the financial market, but its value not depend with amount of labour invested, as it is traditionally charac-teristic for conventional goods and services.
 The research shows that bitcoin still remains the most widespread type between other different kinds of cryptocurrencies.
 A significant aspect of cryptocurrencies functioning is their regulation. In our country there is no legislative certainty yet, but some steps have been made in this di-rection.
 In the long term, cryptocurrencies will be regulated at the international level, and the emphasis will be on preventing the use of their illegal financial transactions and for money laundering.
The article deals with current challenges for regional development and their impact as causes of threats to economic security. Economic security is seen as a complex multilevel system, the formation of which occurs at various levels of economy’s hierarchy: the state level, an economic sector, an industry (economic activity), a region, a business enterprise, a city, a town, a village, a local territorial community, a person. It is determined that a region’s internal and external environment is the key factor of its economic security. The assessment, which was carried out, enables to establish the following characteristics: structural imbalances, a gap between regional investing priorities and determined priorities, a break in the production chain, an asymmetry in technological development of regional industries, expansion of foreign companies on the domestic market, incompatibility between the system of institutions and the aims of social and economic development of regions.The research paper describes the current challenges for regional development, such as deepening of regional differences in creating tensions in regional labour markets; intensification of migration processes; growing differences in the intensity of structural changes; reducing foreign investment; institutional and fiscal decentralization; growing problems in organizing and financing social services; deepening asymmetry in the development of cross-border infrastructure, which requires a system of protection against increasing threats to economic security.A range of methodological approaches to assessing the level of economic security is generalized. A set of quantitative and qualitative indicators is suggested for evaluating the results of security assurance activities at all levels of the hierarchy: a region, a territorial community, a business enterprise, a person.The priority areas of administrative activity designed to prevent threats to economic security are identified. Given the current challenges, these priority areas include: structural reform of the economy, an increasing backbone role of state-owned entrepreneurship, inter-regional and inter-municipal cooperation, modernization of social safety in terms of personal security, strengthening safety of entrepreneurship, reinforcement of security of local communities under conditions of political, administrative, financial, fiscal, economic and environmental decentralization.The main characteristics of each area are pointed out. Further research studies are to be undertaken to empirically examine the results of these measures and identify barriers for institutional assurance of economic security.
Олена Фоміна, Olena Moshkovskа, O. O. Avhustоva, Olha Romashko · 5 authors
Various mechanisms for implementation, and at the same time contradictory approaches to the essence, evaluation, reflection, and regulation, led to the need to consider and improve approaches to the recognition of cryptocurrency. Based on the critical analysis of the legal provisions in Ukraine and the approaches of scientific experts, practitioners and international experience, the economic essence of cryptocurrency is substantiated. The legal, economic and accounting aspects of cryptocurrency recognition in developed and transformational economies are revealed. In order to meet the information needs of users, the peculiarities of the application of methods for estimating cryptocurrency commodities and the influence of the chosen method on the reflection of such an asset in the financial statements have been identified. The necessity to clarify and harmonize existing national accounting standards for recognizing and reporting on cryptocurrency transactions has been identified. The proposed approach to the identification and recognition of cryptocurrency goods will improve the relations between the owners of cryptocurrency and the state, legalize cryptocurrency transactions and form an effective system for managing such transactions in Ukraine.
Today, the world is on the threshold of a digital revolution that will affect all spheres of public life. The application of cryptocurrencies and blockchain technology has gone a long way since its introduction. Now it has reached a new milestone as it gets implemented in the energy sector. Blockchain and cryptographic technology have the potential to radically change the energy industry of the usual. Blockchain and cryptocurrencies are changing the energy sector and in the article is considered how it will affect the energy industry. Blockchain systems and cryptocurrencies no longer require either intermediaries or a central authority. But it is still difficult today to put such models into practice. In addition, there are a number of legal and regulatory requirements that blockchain projects must also comply with. Cryptocurrency is one of the most relevant topics when it comes to digitalization. On the basis of the analysis of the foreign practice of the use of cryptocurrency in the electric power industry, the prospects of implementation of such projects for Ukraine and their legal support are analyzed. Emphasized the advantages of blockchain and cryptocurrencies and demonstrates the mechanism of their work. The situation regarding the definition of the legal status of cryptographic goods in foreign countries and Ukraine is analysed. The main points to be solved in the course of approval of the right regulation of cryptocurrencies in Ukraine are determined. Foreign and certain domestic experience of using the blockchain technology and cryptology in the field of electric power industry indicates the prospect of further development of this direction. In the implementation of such instruments,it seems that it will allow accelerating the payments in electricity supply relations, will allow them to be more transparent, and at the same time protected from unauthorized interference, enhance the culture of contractual relations. REFERENCES1. Maidanyk R.A. Virtualna valiuta v tsyvilnomu pravi Ukrainy: stan, tendentsii, perspektyvy. Visn. Nats. akad. prav. nauk Ukrainy. 2018. Vol. 25, No. 2. P. 114-129 [in Ukrainian].2. Husieva I.I., Petrova T.O. Tendentsii rozvytku kryptovaliut na rynku Ukrainy. Naukovyi visnyk Mizhnarodnoho humanitarnoho universytetu. 2017. Iss. 24 (1). P. 48050 [in Ukrainian].3. Lukianov V.S. Zarodzhennia rynku kryptovaliuty v informatsiino-merezhevii paradyhmi. Aktualni problemy ekonomiky. 2014. No. 8 (158). P. 4360441 [in Ukrainian].4. Svon M. Blokchejn: Shema novoj jekonomiki. M.: Olimp-biznes, 2017. 240 p. [in Russian].5. Blokchein — novi mozhlyvosti dlia vyrobnykiv ta spozhyvachiv elektroenerhii? Ohliad svitovoi elektroenerhetyky, pidhotovlenyi PwC. Pricewaterhouse Coopers International Limited (PwCIL), 2016. URL: https://www.pwc.ru/ru/publications/blockchain/blockchain_opportunity-for-energy-producers%20and-consumers_RUS.pdf [in Ukrainian].6. Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. EUR-Lex: Access to European Union law. URL: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex%3A32015L08497. Federal act on banks and savings banks. URL: https://www.admin.ch/opc/de/classifiedcompilation/19340083/index.html8. O razvitii cifrovoj jekonomiki: Dekret Prezidenta Respubliki Belarus' ot 21.12.2017 № 8. URL: http://president.gov.by/ru/official_documents_ru/view/dekret-8-ot-21-dekabrja-2017-g-17716/ [in Russian].9. Zelena knyha rehuliuvannia rynku kryptovaliut: Ofis efektyvnoho rehuliuvannia. Traven 2018. URL: https://cdn.regulation.gov.ua/fe/5b/20/42/regulation.gov.ua_Zelena-Knyha.-Rynok-Kryptovaliut.pdf [in Ukrainian].10. Bitcoins: Aufsichtliche Bewertung und Risiken für Nutzer. Bundesanstalt für Finanzdienstleistungsaufsicht. 19.12.2013. URL: https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Fachartikel/2014/fa_bj_1401_bitcoins.html [in German].11. Blockchain: Hype or Innovation: CoinForum.de. 26.02.2016. URL: https://Bitcoinblog.de/2016/02/26/rwe-undslock-it-wollen-ethereum-fuer-elektroautos-nutzen/12. Kryptovaliuta SolarCoin ta soniachni elektrostantsii. "SolarCoin" Nova kryptovaliuta yaka stymuliuie montazh dzherel alternatyvnoi elektroenerhetyky. 17.01.2018. URL: https://prel.prom.ua/a322224-kriptovalyuta-solarcoinsonyachni.html [in Ukrainian].13. Pro obih kryptovaliuty v Ukraini: proekt Zakonu Ukrainy vid 06.10.2017 No. 7183. URL: http://w1.c1.rada.gov.ua/pls/zweb2/webproc4_1?pf3511=62684 [in Ukrainian].14. Pro stymuliuvannia rynku kryptovaliut ta yikh pokhidnykh v Ukraini: proekt Zakonu Ukrainy vid 10.10.2017 No. 7183-1. URL: http://w1.c1.rada.gov.ua/pls/zweb2/webproc4_1?pf3511=62710 [in Ukrainian].
The purpose of the article is to identify system features of the mechanism of decentralized management of natural resources, adapted to European standards of management. Methodological approaches have been developed to create a system of mechanisms for managing natural resources in the context of decentralization of power in Ukraine. They are based on the principles of structural and project management, subsidiarity, good governance, public-private partnership and natural resource management with the participation of local communities, structural, project management and consolidated financing for the sustainable development of municipalities. The authors presented specific proposals on the creation of an environmental management system at the level of territorial communities and municipalities on the basis of the cluster-corporate economy by transferring them wide rights to use natural assets of local importance. The concept of an algorithm for the periodization of the process of decentralization of powers in the management of natural resources is developed until 2030, which will provide a transition to forms and methods of natural resources management that will effectively complete the European integration process in Ukraine.
The article analyzes the legal support of the reform of public authority decentralization in Ukraine. In this regard, we have indicated the normative legal acts, which laid the conceptual foundations of the municipal reform, in particular, the Concept for the Reform of Local Self-Government and Territorial Organization of Power in Ukraine, approved by the Decree of the Cabinet of Ministers of Ukraine of April 1, 2014, the Law of Ukraine «On Principles of State Regional Policy» of February 5, 2015, «Strategy − 2020», approved by the Decree of the President of Ukraine of January 15, 2015, No. 5/2015. Also, attention is focused on the Draft Law of Ukraine «On Amendments to the Constitution of Ukraine (with regard to the decentralization of power)», previously approved by the Verkhovna Rada of Ukraine on August 31, 2015, the final adoption of which is unjustifiably delayed. We have also indicated the legislative acts which created the legal basis for the formation of economically and financially viable territorial communities, as well as enhanced the process of community consolidation, in particular, the Law of Ukraine «On Cooperation of Territorial Communities» of June 17, 2014 and the Law of Ukraine «On Voluntary Association of Territorial Communities» of February 5, 2015, as amended. However, particular attention is paid to characterizing the draft legislative acts, which are to be addressed and adopted by the Parliament at the earliest possible time to successfully promote the local self-government reform, as well as to complete the process of association of territorial communities in Ukraine. In particular, it refers to the Law of Ukraine «On Principles of the Administrative and Territorial Order of Ukraine», the Law of Ukraine «On Amendments to the Law of Ukraine «On Voluntary Association of Territorial Communities (with regard to the perspective plans for the formation of territories of the Autonomous Republic of Crimea, regions)», the Law of Ukraine «On Amendments to the Law «On Regulation of Urban Development», the Law of Ukraine «On the Amendments to the Law of Ukraine «On Service in Bodies of Local Self-Government», the Law of Ukraine «On Amendments to the Law of Ukraine «On Civil Registration» and some other legislative acts of Ukraine on decentralization and bringing administrative services in the civil registration sphere closer to citizens.» We have concluded that, based on the real configuration of affairs regarding the formation of capable communities in Ukraine and taking into account foreign experience, it is considered appropriate to complete the municipal reform by administrative means by the next local elections in 2020.
The paper is dealing with the problem of cryptographic assets (cryptocurrency and other, non-cryptocurrency, assets) recognition as objects of accounting. The compliance of cryptographic objects with the attributes of the asset in accounting is proved. The issue the essence of cryptocurrency for the accounting purposes is raised: cash, cash equivalents, currency, commodities, stocks, financial investments or intangible assets. The necessity of legislative regulation of digital economics and its adjustment by accounting standards is actuated. The assumption about the problem of the universal approach application to displaying cryptoassets in the accounting system in view of their diversity and the distinction of the performed is made.
Modern European integration of Ukraine provides for the revision of the main guidelines in the state policy for creating conditions for satisfying the needs and interests of children, and realization of their rights. In particular, the main factor in the field of childhood protection is the focus on the upbringing of the child in the family environment, in support of the family; as an alternative, in the absence of parental care, to create a child-friendly environment. This orientation requires changes in the social support of orphans and children deprived of parental care. The purpose of the research. The aim of the study is to highlight and analyze certain aspects of Ukraine’s innovation activities regarding social support for orphans and children deprived of parental care; determine innovative features of social protection of Ukrainian children in terms of parental care absence. Methodology. The use of methods of analysis, synthesis and generalization revealed the main tendencies of innovative activity of the state authorities regarding orphans and children deprived of parental care. Results and practical meaning. It has been found out that the innovative development of the Ukrainian social support system for orphans and children deprived of parental care is due to positive world experience and focused on the protection of the best interests of the child and the satisfaction of their vital needs; reforming social protection system requires active involvement of the state and civil society institutions, aimed at the deinstitutionalization of placement of orphans and children deprived of parental care, and reorientation of the principles of financial support for families with adopted children; special attention is paid to cooperation with business representatives and international donors. The following basic vectors of social support for orphans and children deprived of parental care have been stated: modernization of algorithms for financing establishments of institutional type, approval of co-financing mechanisms from state and local budgets, and approval of state standards for social care for families with specified category of children. Prospects for further research. The study and analysis of regional programs of social support for orphans and children deprived of parental care in terms of decentralization and funding have been identified as promising.
The purpose of the research is to improve the methodological approach to assessing the financial security of the region in the context of decentralization, which, unlike the existing ones, makes it possible to determine the ways of ensuring the financial security of the regions through an integrated assessment of the contribution of individual factors and types of regulation to the final state of the financial security of the territories. Methodology. The methodological approach to the assessment of the financial security of the region under decentralization has been improved based on the application of normalization of the system of indicators and construction of integral indices by the type of impact indicator (exogenous or endogenous) and factors: decentralization, socio-economic status and fiscal policy of the regions. Individual time series have been identified and evaluated for each of these integrated indicators. Results. Based on the research, the methodological approach to the assessment of the financial security of the region under decentralization conditions has been improved, which makes it possible to determine the ways of ensuring the financial security of the regions by assessing the contribution of individual factors and types of regulation to the financial security. These individual contributions are grouped together to reflect the type of impact indicator (exogenous or endogenous) and factors such as decentralization, socio-economic status and fiscal policies of the regions. The categories of integrated indicators proposed in the article are useful for monitoring financial security drivers, making it clear what affects the financial security of a country under decentralization, how systemic events in the process of decentralization affect the financial security of regions over time. Practical meaning. The research identified three groups of regions of Ukraine in terms of their financial security: financially secure regions, which during the entire observation period were ascertained: a high integral financial security index (Dnipropetrovsk, Kyiv regions) and a sufficient integral financial security index (Lviv, Zaporizhzhya, Odesa, Poltava and Kharkiv regions); financially unstable regions where there is a potential for strengthening financial security (Vinnytsia, Donetsk, Kirovohrad, Mykolaiv, Cherkasy regions), but there is also a likelihood of aggravation of a negative financial situation (Ivano-Frankivsk, Zhytomyr, Sumy, Kherson, Khmelnytsky, Chernihiv regions); financially dangerous regions, which are dependent on state support, are not able to independently fulfill the majority of delegated to the local level of authority and to finance the economic development of the region (Volyn, Luhansk, Transcarpathian, Rivne, Ternopil, Chernivtsi regions). Therefore, the advantage of using this system of integrated indicators is that they give the developers of national regional policy and internal regional policy an up-to-date picture of the financial security situation in the region, wider than that provided only by some unsystematic indicators. Prospects for further research. The prospect for further research should be to improve methodological support for the financial security of Ukrainian regions.
The purpose of the article is to study the forms of state participation in financing of culture in order to solve socio-cultural problems in the context of decentralization. The methodology of the research is characterized by a complex combination of general scientific (formal-logical, method of analysis and synthesis), philosophical (dialectical) and special (comparative, formal-legal) methods, which gave an opportunity to study the experience of other states and Ukraine in the sphere of state participation in financing of culture to overcome socio-cultural problems. The scientific novelty of the work lies in carrying out a comprehensive study of the state's participation in the financing of culture in Ukraine and in the world in order to overcome socio-cultural problems in the context of decentralization reform, and defining the forms of such participation. Conclusions. Ukraine takes direct and indirect participation in financing the culture in order to overcome socio-cultural problems regarding the decline of spirituality and prevention of a humanitarian catastrophe. The main forms of state participation in financing the culture include direct budget financing (at the expense of state and local budgets). Indirect participation provides certain special rights for more efficient use of own funds by budgetary institutions – cultural institutions.
The international experience of various countries of the world in the implementation, usage, and economic and legal status of cryptocurrency is compared in this research. The advantages and disadvantages of using cryptocurrency at the present stage of economic and scientific-technical development of Ukraine are considered. The results of the research of the awareness of market participants regarding the advantages and disadvantages of cryptocurrency and the presence of interest in the usage of cryptocurrency are given. The aim of this article is to study the possibilities of using cryptocurrency for economic development. The object of the research is the process of using cryptocurrency in the market in Ukraine, taking into account world experience. Practical implications. The results of a study of the demand for cryptocurrency in Ukraine. The research was conducted with the help of a questionnaire, as a result of which it was found out: the level of awareness of cryptocurrency; subjective perception of cryptocurrency; sources of awareness of cryptocurrency; the presence of the potential interest of Ukrainians in the acquisition of cryptocurrency. It was found what exactly Ukrainians consider the main advantages and disadvantages of cryptocurrency. Value/originality. Cryptocurrency as a means of payment and a type of electronic money is found in the most countries of the world in the “grey” zone, and regulators, if not prohibit, then at least do not recommend citizens to invest in such assets. However, the state of science and technology development of blockchain technologies, which are the basis of cryptocurrency, and the state of demand for cryptocurrency in the Ukrainian market are ready to use cryptocurrency. For the effective implementation of cryptocurrency, Ukraine lacks only the normative framework. Developing a regulatory framework in this area will help to bring cryptocurrency markets to stability. The introduction of international experience in the usage of cryptocurrency in Ukraine, the creation of own model of behaviour will be the first step towards building a transparent and understandable cryptocurrency market, which will lead to the development of the economy as a whole.