Quote from: AjithBtc on April 24, 2017, 03:06:30 AM

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Quote from: marcus_of_augustus on March 28, 2014, 09:10:58 AM

I'm not sure I would class some of those countries as 'major' ... but there is a general sense now that bitcoins are leaving the USA, and at an accelerating rate.

I also think same as you not sure if many country participate in situation but i predict someday bitcoin make global function in all country because its used in transaction and in paying also

I think right after one of this "major" countries will accept bitcoin on government's level other countries will follow one by one to not stay on the side of progress. I have heard that Russia plan to adopt bit coin in 2018 year. As always they want to be first, but we will see what kind of results it will bring to them.

In Russia, the situation with the cryptocurrency remains incomprehensible. And all plans remain only plans. They have long been trying to pass a law on the cryptocurrency, but they have not yet accepted it

I hope this issue about acceptance of bitcoin on Russia will be fix very soon. If I'm not mistaken they are one of those countries that prohibited bitcoin for a short period of time but suddenly they removed that precaution about bitcoin and instead right now they are trying to adopt, hope this will be good in no time.

Russia did ban bitcoin for a little while but as of November 2016 bitcoin is considered "not illegal"
Not sure where they are at with their btc tax laws

I can inform you on this matter

The Tax Service of Russia officially announced in their letter that they essentially had nothing to do with Bitcoin. In layman terms it means that they are not interested in going after Bitcoin users to levy taxes. This is what I have been telling for years myself here since collecting a Bitcoin tax (even though it is only a "subset" of an income tax, so to speak) would be a hell of a job for them. Now they made it pretty clear in an official manner

This gives the freedom to all the bitcoin users of Russia. Now they too doesn't need to fear of any taxation issues. As the country has clearly described about their expectations from the users as well the success of the technology. And no country gives such a freedom that they're not interested in following the users and levy taxes

It is actually not just about Bitcoin per se

In fact, any foreign currency is treated like that in Russia. Despite the fact that earnings obtained via currency conversion (exchange) operations are explicitly and unambiguously treated as income and thus taxable according to the Tax Code of Russia, this provision doesn't get actually enforced or applied in practice. How come? The reason is basically the same why Bitcoin is officially discarded by the Tax Service of Russia. It would still be a hell of a job to tax this income (as well as prosecute the incredible numbers of people that ain't gonna pay this tax no matter what), and it will likely incur substantially more costs in terms of work and hours spent than the amount of taxes thus collected. This is the reality, and the government has to cope with it. In other words, you can't demand what you can't enforce