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Philippines Regulator Instructs Axie Infinity Players to Pay Taxes on Income Made from In-Game Assets
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Philippines Regulator Instructs Axie Infinity Players to Pay Taxes on Income Made from In-Game Assets

The Philippines financial regulator has not taken kindly to people making money off of blockbuster blockchain-based game Axie Infinity. Income Made via Axie Infinity is Taxable The Department of Finance (DOF) of the Philippines has warned the players of the…
Philippines: Central Bank Introduces New Crypto Regulations Aimed at Preventing Money Laundering
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Read more - Philippines: Central Bank Introduces New Crypto Regulations Aimed at Preventing Money Laundering

Philippines: Central Bank Introduces New Crypto Regulations Aimed at Preventing Money Laundering

Philippines central bank, Bangko Sentral ng Pilipinas (BSP) has made key changes to its regulations guiding crypto assets. The changes according to the bank are aimed towards preventing the use of cryptocurrencies in money laundering schemes. New Regulations to Prevent…