Taxation of Digital Financial Assets: International Practices And Comparative Legal Analysis
This article analyzed the aspects of cryptocurrency taxation in the US and in some countries of Europe, Latin America, and Asia. The authors offer their own vision of cryptocurrency as an object of taxation through the prism of various science-based approaches to the сoncept of cryptocurrency and relative operations. The study revealed that using digital assets as a payment means mainly implies the income tax usage. Regarding the property assets, the focus is shifted to the profit from cryptocurrency sale/storage and its direct taxation. The Draft Law “On Digital Financial Assets” was examined and options for its further refinement and elaboration were suggested.