BIR Collects ₱3.72 Million in Taxes From Social Media Influencers
In August 2021, the BIR sent out a memo reminding bloggers and social media influencers to pay their taxes.
In August 2021, the BIR sent out a memo reminding bloggers and social media influencers to pay their taxes.
Following the constant increase with the number of consumers buying 17,000 different crypto assets, regulators are also increasingly worried about them purchasing without being fully aware of the risks.
METAPROFIT calls itself a platform that offers deposits and withdrawals based on interest from cryptocurrency.
The firm uses “scalping”—a trading style that specializes in profiting off of small price changes and making fast profit from reselling.
He added that there are about a million virtual employees in the country.
SWIFT is a key component to any country’s progress in terms of bank transfers, locally and internationally.
The Central Bank already started a study about CBDC’s nature and implications for the whole financial system last year.
PayMaya Philippines’ Maya Bank will be crypto-ready and crypto-friendly, the firm said.
The Think Tank said the Philippines will most likely restrain crypto deals in the next five years.
For now, according to Diokno, the BSP is strengthening the domestic retail payment system in the country.