Regulation of cryptocurrencies is becoming increasingly relevant in the world and, in particular, in Ukraine. The growing popularity of digital assets requires clear rules to protect investors and prevent financial crimes. The law "On Virtual Assets," adopted by the Verkhovna Rada, is an important step in this direction. Its implementation will allow for the creation of a transparent taxation system and legal protection for users. At the same time, it is important to ensure a balance between control and freedom of innovation. Ukraine has a chance to become a regional leader in the field of crypto regulation if it develops legislation in partnership with the industry and the international community. The future of cryptocurrencies depends on wise regulation.