Author(s): Liudmyla Sokolenko, Tetiana Ostapenko, Olga Kubetska, Oksana Portna, Thuy Tran
The use of cryptocurrencies in international practice suggests that countries are different in its implementation in circulation. This is explained, first of all, by the novelty of this instrument and the lack of a single definition of the “cryptology” category, which would reveal its essence. The positive attitude towards Bitcoins is typical for developed countries, and in developing countries there are some limitations in this area. Also, the emergence of a new product in the market of innovative technologies led to the emergence of a new object of accounting - electronic money. Therefore, countries at the global level should regulate the taxation system for cryptocurrency transactions; introduce a methodology for keeping records of transactions with them for the further development of enterprises and its integration into the global economic environment.