Cryptocurrency as a payment agent

The paper examines the essence of cryptocurrency as a method payment has been investigated and identifies its key features (exchange for goods or services; exchange classic currency; minimum level possibility abduction; payments, fast direct transactions; investment asset; business development in cryptocurrency). Different approaches to determining legal nature are analyzed (cryptocurrency payment; foreign financial pyramid). conclusions EU court, courts national system on use means analyzed. is determined through prism world practices use. using cryptocurrencies terms their ability perform basic functions money two attempts legislators regulate issues taxation, regulation 2019 2020. Attention also paid relevant institutions where you can pay with cryptocurrencies, namely: “Spendabit”, “CoinATMRadar”, office online networks – WebMoney. According National Bank Ukraine, danger transactions indicated. Examples main risks associated purchase, sale, conversion given (possibility loss funds due theft, fraud, lack infrastructure, significant price fluctuations guarantees return invested cryptocurrencies). In conclusion, attention drawn need legislative further effective evolution.