THE ROLE OF CRYPTOCURRENCY IN THE FIELD OF INTELLECTUAL PROPERTY LAW

Abstract

The purpose of the article is to study the role of the concept of cryptocurrency, which is quite widespreadtoday, in the field of intellectual property. In this study, such methods as general scientific and special are used.The results. In Ukraine, cryptocurrency has gained considerable popularity in recent years, which confirmsthe active activity of rulemaking. In addition, according to the norms of national legislation, cryptocurrency isrecognized as an object of property and can be used as a means of exchange and storage. Intellectual propertylaw and cryptocurrency regulation are guided by real principles and have different legal studies in Europeancountries. Therefore, when considering the relationship between intellectual property and cryptocurrency, locallegislation and specific strategic situations help. In many countries, the question of whether intellectual propertycan be associated with cryptocurrency is relevant. One of the uses of cryptocurrency is in the field of financialtechnology, where tokens or tokens are created that represent certain intellectual property rights. For example,decentralized platforms for music or art may issue tokens that grant access to content or royalties. Cryptocurrencyin the field of intellectual property is a new approach to doing business related to intellectual property, including copyrights, patents, trademarks, etc. The government has planned to implement a mechanism of legalizationand regulation of cryptocurrency exchanges and other payment services. The National Bank of Ukraine expressedits position regarding cryptocurrencies, considering them as ‘money tokens’, but not legal means of paymentin Ukraine. However, this position does not prevent citizens of Ukraine from owning, exchanging and usingcryptocurrency. Conclusion. The article emphasizes that the cryptocurrency market is high-risk, and potentialinvestors should exercise caution when transacting with cryptocurrencies. It is recommended to get additionaladvice from specialists before making any investments or transactions with cryptocurrencies in Ukraine.