ACCOUNTING DIGITAL CURRENCY IN THE PAYMENT MARKET
Keywords:object of accounting, digital currencies, identification, accounting of cryptocurrency.
The article is devoted to the study of digital currency accounting in the payments market. Analysis of digital currencies has shown that they have the following properties: digital currency uses cryptography for security against counterfeiting; the issue is carried out by the system itself, which is independent and uncontrolled; it is impossible to establish in what way this or that cryptocurrency was received (exchange for goods or real money, mining). The characteristics of different currencies were given, it was established that each of them can be used for different purposes, namely: Ethereum - smart contracts; Lightcoin - digital money for fast transactions; Ripple - for the purposes of venture funds; Dash is a completely anonymous digital currency, usable for Darknet.
The scientific novelty lies in the substantiation of approaches to the identification of digital currencies as objects of accounting. Particular attention should be paid to the recognition of digital currency when accounting for it, as it has certain implications for the reflection of such an asset in the accounts, analytical and synthetic registers and in the financial statements. The approach of different countries to the legal regulation of such an asset is analyzed. Because the legal conflict in the future does not allow to tax those transactions that use digital assets. At present in Ukraine there are no normative legal acts on regulation of accounting and taxation of digital currencies. An approach to reflect the movement of payments using digital currency in the CBDC network is proposed. The primary document from the blockchain network is provided to confirm the transaction on the transfer of cryptocurrency BitcoinCash to a third party. The process of payment verification is presented taking into account the innovations in displaying digital currencies in the banking network. The main verification process is defined, which is generalized at certain stages of its implementation.
Prospects for further research will be to determine the advantages and disadvantages of using digital currencies when paying a company with another for certain goods, works or services. It is necessary to compare the use of digital currencies, the national currency of the hryvnia and the US dollar. In the future, this will allow the company to determine under what conditions which price should be used in the implementation of foreign economic activity to improve cross-border cooperation.
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