Social Media Influencers Warned to Pay Tax by the BIR
The Bureau of Internal Revenue reminds Internet celebrities and social media influencers to pay tax.
Fintech | News | Regulation
BSP Reminds Lyka to Register, Says It Is Closely Watching All Payment Operators
By Shiela Bertillo The Banko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno urged social media and e-commerce platform Lyka to secure a payment operator license from the central bank “to keep things in order” in an interview with ANC News. Lyka is a platform launched in the Philippines by a Hong Kong-based company that allows…
News | NFT | Regulation
Are NFTs and Gaming Tokens Subject to Same Rules as All of Crypto in the Philippines?
Are NFTs and gaming tokens treated the same as other virtual assets in the Philippines?
Business | News | Regulation
SEC: PSE, Capital Market Institutions to Continue Operating Despite ECQ
The Philippine Securities and Exchange Commission (SEC) guaranteed the continuous operation of the capital market while the National Capital Region (NCR) and other areas are under their third Enhanced Community Quarantine (ECQ) from August 6 to 20 by deploying on-site skeleton workforce.
SEC Advisory Against 247STOCKTRADEFX
The Philippines Securities and Exchange Commission (SEC) released an advisory against 247STOCKTRADEFX for operating without the necessary license and authority from the Commission to operate and solicit investments in the Philippines. 247STOCKTRADEFX head office is located in Liverpool, Australia and they are offering investments that promise huge returns that guarantees pay-out for its investors which…
BSP Director: No Specific Guidance on NFT Games (Report)
We examine the current landscape of how wearnings from NFT games get traded back to PHP, as well as report on the insights of the community about the NFT phenomenon in the country.
Cryptocurrency | Fintech | News | Regulation
SEC Commits to Finalize Rules on Digital Asset Exchanges This 2021, Launches Fintech Innovation Office
The Philippines Securities and Exchange Commision (SEC) says it is finalizing the rules for digital asset offerings (DAO) and digital asset exchanges (DAX) this year.
BIR Requests New Policies to Tax the ‘Digital’ Economy
Marissa Cabreros, Deputy Commissioner of the Bureau of Internal Revenue (BIR) Legal Group said that to effectively tax the digital economy, an appropriate and legal framework must be in place.
PH SEC Advisory Against MASA MART – XUM TOKEN – Investment Scheme
Its agents and promoters are promising that the token value of Php 5.00 will increase up to Php 50 to Php 70 by next year.
Fintech | News | Regulation
BSP Approves Open Finance Framework
BSP Governor Benjamin Diokno explained that the new framework will help monetary entities like the central bank in achieving its goal of letting more Filipino adults in the formal financial system.