The relevance of the topic is due to the need to specify the circle of participants in the virtual asset market, since participants are an important element of legal relations in the virtual asset market. However, a clear circle of them has not yet been formed. With the development of the virtual asset market, new participants emerged, which explains the need to specify their circle at the current stage of market formation. The need for such specification is also due to the fact that the role and importance of the virtual asset market for the economy of Ukraine, including for its post-war recovery, require urgent certainty regarding the legal framework for the market functioning, which, in particular, should concern participants, which will allow to solve a problem of regulation of other legal aspects of the market functioning. The purpose of the article is to specify the circle of the virtual assets marker participants and to substantiate their place and role in this market by means of classification. Based on the provided study, author specifies the circle of virtual assets marker participants, which are proposed to be divided into the following functional groups: 1) the main participants – virtual assets service providers, which, depending on the activities carried out, may be business entities, the range of which is presented in Article 55 of the Commercial Code of Ukraine, business entities established under the laws of foreign states, as well as decentralized autonomous organizations functioning as virtual assets service providers; issuers (including miners); offerors; consumers; and individuals conducting transactions with virtual assets in their own interests; 2) participants with auxiliary functions that provide the necessary conditions for the functioning of the virtual asset market by providing services (banking, insurance, legal, consulting, etc.); 3) participants with special functions related to state regulation of the virtual asset market and self-regulatory organizations. The author suggests that the concept of “virtual asset market participant” should be properly enshrined in national legislation.
Introduction. Digital assets, such as cryptocurrency, tokens and NFTs (non-fungible tokens), other digital objects are rapidly changing the economic landscape, creating new opportunities for businesses and investors. However, unresolved issues regarding their legal regulation and accounting pose serious challenges for governments, businesses and financial institutions. This problem is of particular importance as digital assets become increasingly important in the global economy. Purpose of the study. The purpose of the study is to analyze the content of digital assets in a global context, to consider their specifics and place in modern economic realities. Special attention is paid to the challenges that arise in connection with unresolved issues regarding the regulation of digital assets. Research methods. In the process of research and writing the article, the following methods were used: dialectical, systems analysis, generalization, comparison, logical. Results. The article explores the essence of digital assets as an innovative object, it is determined that despite the similarity, the terms «digital assets» and «virtual assets» have different emphases in application, understanding their differences allows us to more accurately determine the legal status of the asset, the scope of its use and the features of accounting or regulation; digital assets cover a wider range of objects, while virtual assets are a subcategory of digital assets focused on the financial sphere. The main challenges associated with the use of digital assets in the financial and economic spheres are also highlighted. Among them are regulatory uncertainty, volatility risks, security issues and the lack of uniform accounting and financial reporting standards. The author emphasizes that the development of digital assets requires a clear legal framework and the implementation of international standards. The author predicts the growing role of digital assets in financial transactions, investments and tokenization of traditional assets. The conclusions emphasize that digital assets are not only a technological but also an economic phenomenon that transforms traditional approaches to storing and managing values. Prospects. Further study of the study of digital assets will not only allow for a deeper understanding of their nature, but will also contribute to the development of effective approaches to their regulation, integration into traditional economic processes and maximization of their potential in the modern world. The need to create unified approaches to the classification, assessment and reflection of digital assets in financial reporting is urgent. Research may include the development of new accounting standards that take into account the specifics of cryptocurrencies, tokens and NFTs.
The scientific article is devoted to the administrative and legal principles of ensuring the right to professional preliminary education for persons with disabilities: foreign experience and directions for improvement. The experience of the USA and European countries in ensuring the right to vocational higher education for persons with disabilities is revealed Attention is drawn to the fact that higher education in the USA and Great Britain traditionally belongs to the so-called liberal or market model, which is characterized by a high degree of decentralization of management and diversification of higher education systems. In Italy, the state has exclusive legislative powers regarding general matters in the field of education, the minimum standards to be guaranteed throughout the country, and the basic principles. Regions define school networks within their territories, adjust the school calendar, and have exclusive powers in the field of vocational education and training. Schools are autonomous in terms of didactic, organizational and research work. The Italian state is responsible for funding schools for both educational and administrative purposes. It was concluded that the high-quality formation and implementation of vocational pre-university education for persons with disabilities is possible through the borrowing of positive foreign experience: a) openness of the formation and implementation of state policy in the given field for persons with disabilities; b) active development, encouragement, stimulation of the implementation of innovative activities by institutions of higher education, including vocational higher education for persons with disabilities; a) a qualitatively new paradigm of the content of education - considering it not as a collection of the given volume of knowledge, abilities and skills selected according to a certain specialty, but the formation of a comprehensively developed personality according to a comprehensive approach. There is a shift in emphasis not so much on how much the acquirer knows, in particular, persons with disabilities, special knowledge in the chosen field of study, but on how such professional qualities as the ability to adapt, practicality and initiative, the ability to apply acquired special knowledge, in necessary cases creatively rethink it for persons with disabilities. Therefore, when implementing electronic governance in Ukraine, we need to take into account the experience of foreign countries in order to avoid typical mistakes and acquire the most successful practices for ourselves. The priority for the countries that we studied is the introduction of high-quality professional pre-higher education to vulnerable sections of the population.
Introduction. The digitization of the economy began back in the 50s and 60s of the 20th century, but the term "digital assets" began to be actively used by financial market participants and scientists only after 2008, the impetus for which was the appearance of the so-called distributed ledger technology and the creation of the first cryptocurrency - bitcoin. However, today there is no comprehensive definition of the concept of "digital financial asset" that would fully reveal the essence of this term. Moreover, there is sometimes terminological uncertainty and confusion regarding the terms "cryptocurrency", "digital assets", "cryptoassets" and "virtual assets", which can lead to gaps in their regulation. Therefore, clarification of the definition and types of digital financial assets is relevant. The purpose of the article is to clarify the definition of digital financial assets by revealing the essence and characteristics of digital assets and financial assets, as well as justify the classification of certain types of digital assets as financial assets. The research method (methodology) is based on the systematic use of methods of analysis, synthesis, generalization and comparison, using a complex approach to studying the problem. The results. It was determined that such a new type of assets as digital financial assets arose at the stage of digitalization of the economy associated with the emergence of distributed ledger technology. It is clarified that according to IAS, digital financial assets can be represented by instruments such as cash, equity instruments or contractual rights. It was determined that the concept of "digital assets" is identical to the concept of "electronic assets" or "virtual assets" in the domestic legal framework. The classification of types of digital assets according to various criteria is generalized. It is substantiated that digital financial assets include such groups of digital assets, which are represented by payment tokens and tokens in securities, and utilitarian tokens are not financial assets.
Стаття присвячена дослідженню проблематики створення та розвитку децентралізованої фінансової моделі та можливості її використання для кредитування на основі технології криптовалют. Метою статті є дослідження особливостей децентралізованої фінансової моделі для кредитування на основі технології Ethereum. Технологія децентралізованих програм для фінансування (DeFi), що дозволяють перетворювати традиційні фінансові послуги у послуги, які надаються без посередника за допомогою смарт-контрактів на блокчейні, поступово розширює власні можливості. Децентралізація усуває необхідність в довірених третіх сторонах, зменшуючи ринкові можливості посередників, отримані завдяки інформаційній перевазі, яку вони мають у порівнянні з учасниками угоди, використовуючи їх посередницькі послуги. На даний час більшість фінансових послуг DeFi складається з монетарно-банківських послуг; надання платформ однорангової позики; забезпечення вдосконалених фінансових інструментів, таких як децентралізовані біржі, ринки деривативів. Застосування технології блокчейн у фінансовому секторі привело до створення системи, здатної відтворювати стандартні фінансові послуги та пропонувати інноваційні рішення для розвитку цієї галузі. Система блокчейн реалізована Ethereum, саме тому вона є дуже ефективною для системи транзакцій, ніж інші транзакції, оскільки вона має технологічні особливості смарт-контракту, які пов’язані з минулою транзакцією. Пошук подальших варіантів використання децентралізованих фінансів, на основі можливостей блокчейну, має вирішальне значення для створення відкритих фінансових продуктів. У разі успіху система децентралізованих фінансів розширить можливості надання кредитних ресурсів на основі технології Ethereum з покращеними умовами.
The need to rethink the role of urban debt policy in accordance with the growing needs of urban communities and their sustainable socio-economic development is identified. In Ukraine, the legal preconditions for the formation of cities' own debt policy and the implementation of borrowing in both domestic and foreign nancial markets. The current state of local budgets and decentralization processes only highlight the need for cities to develop debt policy. The formation of the institution of local borrowings in Ukraine is analyzed and an in-depth analysis of borrowings of city councils in 2014-2019 is carried out with the definition of three periods: 2014-2015 - increase in borrowed funds, but such borrowings were formed mainly due to debt activity of Kyiv City Council domestic local bonds; 2016–2017 - decrease in the amount of borrowed funds, which occurred under the inÀuence of macroeconomic, political and fiscal instability; 2018-2019 - resumption of debt activity of city councils that had experience of borrowing in the previous, relatively analyzed, period and diversification of forms of local borrowing. Based on the cluster analysis, the main characteristics of the modern debt policy of city councils of Ukraine, which is based on the di൵erentiation of city councils-borrowers, are determined. The main borrower remains the Kyiv City Council (the share was about 67%), the activity of borrowings was noted in the following city councils: Zaporizhia, Dnipro, Lviv, Odessa, Ivano-Frankivsk. It is established that the debt policy of city councils is based on raising funds from NEFCO, state-owned banks and the Ministry of Finance of Ukraine. Improving the debt policy of city councils of Ukraine should be based on the synergy of actions of central government agencies: (Ministry of Finance of Ukraine, Debt Agency of Ukraine, NBU, National securities and stock market commission (NSSMC)Financial Control Ofice, etc.) and city councils. Vectors for improving the debt policy of city councils should be an integral part of the Strategy for the Development of the Financial Sector of Ukraine until 2025 and meet its key strategic goals and directions. Key words: debt policy, local debt, local borrowings, domestic local government bonds, external local government bonds, fiscal decentralization.
With the increasing complexity of payments and the distances between participants in financial transactions, the number of third parties involved in making payments is also growing. This entails an increase in commissions. Cryptocurrency solves this problem. This, in its way, is a digital “cash” that can be used by network participants, regardless of the distance and type of transaction. Cryptocurrency is a new type of electronic money, is rapidly gaining popularity.Purpose. The purpose of the article is to study the directions of increasing the level of development of cryptocurrencies in Ukraine.
Revealed a variety of approaches and concepts ethnogeny of the Ukrainian people in the context of its primary mentality. Within historiosophical Ukrainian mentality paradigm study describes key milestones ethnogeny of Ukrainians. Emphasized on the bright tilling discovered the nature of Tripoli culture — protocultural Ukrainian, which defined the original features of their mentality. Ants state is seen as the first proto-Ukrainian political community, which laid the mental qualities that find their further development in the political mentality of the Ukrainians: democracy, decentralization, regionalism and more. The article made the following conclusions. To solve the problem of Ukrainian ethnogeny finally and clearly, convincingly and consistently play its period features and is quite a difficult task given the complex dynamic processes ethnogeny. The process of the emergence of ethnicity is not always adequate and comprehensive reflection of scientific sources. But we can talk about the possibility and the need to find the most acceptable and scientifically correct hypotheses concerning Ukrainian ethnogeny. In this connection, the indigenous-origin Ukrainians autonomous version looks like is that most meets the requirements. Summarizing some moments Ukrainian ethnogeny should pay attention to the specific features of the formation of primitive mentality of pre Ukrainians who subsequently receive proper development of the mentality of the Ukrainian people. Prolonged existence of matriarchal clan system in the distant predecessors Ukrainian ensured the dominance of women in their mentality primary which is fixed at the time of Tripoli culture in the cult of the earth-mother, typical, however, for all grain-growing nations. Surely this time there is a future mental dominant Slavs — female archetype of the Earth Mother. The emergence of a day of metals territorial community where there is communal land ownership, and processing is carried out a separate family, on the one hand, determines saving big role family (actually a mother) in the education and life of a particular individual, and withother hand, reinforces sedentary, propensity to a certain piece of land that forms the mentality of a no-aggressive expansionist motivations and as a result — peacefulness. The latest feature best manifested in Ukrainian, which for all its history never won one but, however, were themselves the object of permanent conquest. The existence of modern Ukrainian territory ScythianSkolot, Ants States is representative of the capacity of the substrate to the proto-Ukrainian political organization. Study of the socio-political system Ants state, which M. S. Grushevsky generally believed the first Ukrainian state formation, and to determine certain characteristics of political mentality of their own immediate ancestors Ukrainian. The decisive role of tribal assembly, which later transformed into Kiev Rus in the council, shows immanence democratic guidelines original Ukrainian mentality. At the same time the actual exercise of functions among convening meetings of tribal council of elders, which often had the sole head — his head, which writes the same M. S. Grushevsky [6, p. 33], indicating both the propensity to collective forms of governance, and in disregard of the principle of autocracy and a mistrust or neglect their own authorities. The latter attitude will develop in a typical Ukrainian political mentality and will be called «egalitarian negativity» with respect to their political leaders and the political elite. Polycentric state system Ants state determines the political and mental focus our ancient predecessors decentralism that evolutionary regionalism to Ukrainian