National Bank of Ukraine

The article examines the current state and peculiarities of cryptocurrencies regulation in Ukrainian banking system. The legal nature of cryptocurrencies is analyzed through the prism of international and national approaches to their definition, in particular the positions of the European Central Bank and the FATF. The provisions of the Law of Ukraine “On Virtual Assets” and the reasons for its substandard functioning in modern conditions are considered.

The article considers the peculiarities of the legal regulation of banking relations in the context of Ukraine's European integration. Emphasis is placed on the implementation of European Union standards in the national banking legislation in accordance with the Association Agreement between Ukraine and the European Union. The provisions of some documents of the European Union and the peculiarities of their consideration in the regulation of banking relations in Ukraine are analyzed.