The Philippine DOF plans to raise capital gains, donor, and estate taxes from 6% to 10% under the Growth Bill, aiming to generate ₱300 billion. Rep. Salceda warns the move may trigger capital flight and hurt the middle class.
Sec. Recto’s ₱6 trillion crypto investment data clashes with third-party data showing shrinking inflows.
The Coinbase CEO expressed strong interest in the Philippines, citing its rapidly growing digital economy, high crypto adoption rates, and vibrant blockchain gaming ecosystem.
The Department of Finance’s X account is posting fraudulent crypto schemes that are still not deleted.
DOF and SEC to develop stringent guidelines for regulating cryptocurrency registration and trading in the Philippines, prioritizing caution and viability amidst prevalent scams.
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.
