Thanks a lot for the answer. Just one more question 
Since nobody owns bitcoin and no bank can control it, so it is basically an independent currency, are we still paying taxes in case we purchase goods with bitcoin?
Since nobody owns bitcoin and no bank can control it, so it is basically an independent currency, are we still paying taxes in case we purchase goods with bitcoin?
If only it were so easy to avoid taxes. Anything that you receive as payment for goods or services is generally taxable.
The deciding factor is the country that you live in. It is up to each individual user to know their countries tax laws with regard to cryptocurrency.
Thank You for your interest in Exmo!
