REGULATION OF CRYPTOCURRENCIES AS A MECHANISM OF NEUTRALIZATION THEIR WEAKNESSES: MODEL APPROACH

Introduction. Dynamic changes in the geo-economic and geopolitical spaces associated with global financial crisis of 2008-2009, coronavirus pandemic Russian-Ukrainian war have led to accelerated development fintech, particular emergence cryptocurrencies.
 Problem. The high probability widespread use cryptocurrencies as a means payment, circulation investment urgency raises questions about their regulation at state international levels.
 Purpose: an in-depth analysis strengths weaknesses terms within respective models.
 presentation material article. Cryptocurrencies (bitcoin others), while not related fiat money, still number strengths, particular, such decentralized character. At same time, they many weaknesses, namely, imperfection blockchain technology; significant energy consumption mining; volatility; presence "bad actors" laundering "dirty money"; displacement national currencies. It is for neutralization that regulatory mechanism should be used.
 Currently, five models cryptocurrency been clearly outlined: repressive, which implies complete ban (Bolivia, etc.); conservative - allows them buy sell only individuals (China); liberal provides most operations (EU, Ukraine, USA, legal (Switzerland, Japan, permitting, under bitcoin recognized legitimate payment (El Salvador).
 formation influenced by actions world regulators, systems stock markets.Results its discussion. 
 Conclusions. Despite restrictions, volume transactions growing rapidly. Ukraine's index, including defense country, one leaders.