Abstract

The article is dedicated to crypto-assets regulation both at the international level and at the national level in Ukraine. It presents a comparative analysis of the Law of Ukraine on Virtual Assets adopted in 2022 and the FATF Recommendations relating to Virtual Assets and Virtual Asset Service Providers. Even though a general congruence of these acts is shown, the publication concludes that the Law of Ukraine, pending its entry into force, is already partly outdated due to a fast development of the crypto assets market and technologies. In this regard the 2021 FATF Updated Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers and the 2023 EU Markets in Crypto-assets Regulation should be taken into account.

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