Approaches to taxation of cryptocurrencies and cryptocurrency transactions in the laws of selected foreign countries

Introduction: Modern technology is changing economic relations in society and gradually transforming global legal and legislative practices. Cryptocurrencies based on blockchain technology are one of the most promising developments in the global financial system. Despite the widespread acceptance of cryptocurrencies as a means of payment by large corporations and organisations, many states are just beginning to implement solutions to regulate their use, including in terms of taxation. However, there is currently no uniform approach to the taxation of cryptocurrency transactions within a single economic space, and the question arises as to whether a uniform approach is necessary, given individual state examples and current political realities. In this research paper, the author conducted a comparative legal analysis of existing approaches to the taxation of cryptocurrencies in the legislation of some foreign countries. The current innovations that can be used to develop and improve the domestic regulatory approach are reflected. Materials and Methods: The normative basis of the study is the Constitution of the Russian Federation, domestic and foreign local regulations governing the legal status of digital currencies and digital financial assets, as well as formulating the main approaches to the taxation of transactions carried out with the use of cryptocurrencies. The methodological basis of the study is the general dialectical method of scientific knowledge, which is universal in nature, as well as methods of logical deduction, induction, cognitive methods and techniques of observation, comparison, analysis, generalization and description. The Results of the Study: allowed to identify existing global trends and approaches to the legal regulation of cryptocurrencies as an object of taxation, to clarify certain provisions of regulatory legal acts of the Russian Federation and foreign countries relating to the circulation of digital currencies and digital financial assets. Findings and Conclusions: the positive experience of legislative regulation of taxation of cryptocurrency assets in foreign countries can be used for further development and improvement of the domestic approach.