LEGAL REGULATION ENSURING NATIONAL SECURITY AS NECESSARY ARRANGEMENTS FOR THE INTRODUCTION OF CRYPTOCURRENCIES

Abstract

The article analyzes the use of cryptocurrency in the economic turnover, which acts as a means of payment and accumulation, recognized at the legislative level by a number of states, including those entering the WTO; explores the possibilities of using cryptocurrency in the territories of states that are members of the WTO or other international organizations of economic integration, but did not legalize the possibility of introducing cryptocurrency into the national economy; Based on the analysis of the established advantages and possible negative qualities of the cryptocurrency, the directions of improving the legislation are proposed with the aim of minimizing the risks of public administration in the case of the introduction of the cryptocurrency into civil circulation as a means of payment and accumulation. One of the main threats of the usage of innovative financial assets on the state territory are attributed to the decentralization of the release of cryptocurrency, the mining of cryptocurrency is currently carried out by solving a mathematical algorithm by almost any subject of law located, who has access to the Internet. In the article described the legal regulation of regional economic integration, the creation of a single economic space and the legal conditions of free, within the EAEU, movement of goods, works, services and financial resources, the legislation of the member states governing economic relations, which should be unified, which will allow business entities to freely carry out economic activities throughout the EAEU on equal terms, independent of the country of registration and the country of the place of economic activity. The compliance of cryptocurrency turnover with prudential regulation of banking, a set of legal measures should be developed to minimize the risks of banking in the context of using cryptocurrency as a means of payment.