Learn about Secretary Ralph Recto’s top priorities at the Department of Finance.
DOF Chief Benjamin Diokno emphasized that the blockchain is undoubtedly superior technology.
Finance Secretary Diokno stressed the country should improve PESONet and InstaPay first before doing CBDCs.
“This proposal is definitely anti-consumer and must be opposed, junked and buried,” he said in a statement.
The former Bangko Sentral ng Pilipinas (BSP) Governor insisted that digital transactions should be taxed on the basis of fairness.
Diokno noted that the DOF must focus mainly on the government’s tax administration during the first year of President-elect Ferdinand R. Marcos Jr.
The Department of Finance (DOF) Secretary Carlos G. Dominguez III said that Sky Mavis, the Vietnamese company of Axie Infinity, has gotten off to a “good start” after it encouraged its players to abide by the laws of their respective countries.
An independent estimation reveals that Php 2 billion was remitted to the Philippines last July via earnings by Filipinos playing Axie Infinity.
The Department of Finance (DOF) warns the public of fake news circulating on the Internet claiming that the government created a platform where citizens can invest in cryptocurrency.