Author(s): Volodymyr Tkachenko, Oleksandr Korystin, Taras Voloshchuk, Viacheslav Nekrasov, Natalia Svyrydiuk
The article reviews the peculiarities of cryptocurrency circulation in the world and domestic financial systems. It is determined that scientific researches of the recent years are devoted to the specifics of cryptocurrency, the risks associated with the circulation of cryptocurrency and government instruments for their minimization. The general risks associated with the circulation of cryptocurrency, including the possibility of its use for the legalization of criminal proceeds. The peculiarities of the policy of the USA, Singapore, Argentina, Canada, the Czech Republic, and China in the direction of minimization the risk of legalization of incomes through cryptocurrency, in particular, criminalization of fraud with digital currency, restrictions on operations with cryptocurrency are revealed. Particular attention is paid to the experience of Ukraine in the field of legal regulation of cryptocurrency circulation. It is concluded that the key for minimizing the risk of money laundering through cryptocurrencies is the lack of a generally accepted cryptocurrency status, given that its definition is a priority in the direction of safe circulation of cryptocurrency in the world and domestic financial systems.