at the my country seems to apply. will begin for my country tax purposes, transactions using virtual currency should be reported. Therefore, taxpayers will be required to determine the fair market value of virtual currency in official money. on the date of payment or acceptance. If the virtual currency is listed in the exchange and the exchange rate is determined by the market supply and demand, the fair market value of the virtual currency is determined by converting the virtual currency to official money (or to other real currencies which in turn can be converted to official money) by a reasonable rate, applied consistently.