Is OGV a taxable income?

Yes, earning OGV through an exchange transaction is taxable income because it is considered a barter transaction, just as if the good or service was sold for cash.

The value of the Item acquired using OGV must be included in the owner's income for tax purposes. The amount to be included would be the value of the Item converted to each country's legal currency, considering that OGV is valued in U.S. dollars (OGV 1 = USD 1).