About the work
The very principle of the Bitcoin currency is that this currency carries no debt obligations. They are as free as a bird in flight. That is, they are their own masters. They have no bank assigned to them, no fixed exchange rate. It could also be called a "currency outside the law". Article 75 of the Russian constitution states that the official monetary unit is the ruble, and only the Central Bank has the right to carry out working emission. And this applies to the local national currency in every country. Lawyers from America say that bitcoins would have been banned long ago if they were a domestic currency of the USA. Russian legislation also includes a law banning the creation of monetary surrogates. A monetary surrogate is created only in the case where support for the national currency is needed. However, bitcoins do not perform the function of supporting the ruble. Its price is determined only by the market. The USA also does not recognize bitcoins as a national payment system. Bitcoins are a new currency around the world, but in some countries conditions were immediately introduced stating that conducting business in this currency would be deemed illegal. A major sensation was the statement by Germany's Ministry of Finance in August 2013 that bitcoins could be attached to a "unit of account". But only in the case where the status "as private money" is determined, that is, a certain organization takes responsibility for their use, provides reports on their transactions, and pays taxes. Then it would be possible to make certain amendments to the legislation. But if one takes this on, problems will still arise. Because identifying taxpayers is not possible due to the anonymity program in the bitcoin system.
