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2 Jun 2023
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DOF

News Regulation 

Diokno: There’s No Question That Blockchain Is Superior

10 Oct 202217 Oct 2022 Shiela Bertillo Benjamin Diokno, DOF 2 min read

DOF Chief Benjamin Diokno emphasized that the blockchain is undoubtedly superior technology.

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News Regulation 

Finance Chief Diokno: This is Not the Right Time for CBDCs

4 Oct 20226 Oct 2022 Michael Mislos Benjamin Diokno, BSP, DOF 2 min read

Finance Secretary Diokno stressed the country should improve PESONet and InstaPay first before doing CBDCs.

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News Regulation 

Proposed VAT on Digital Goods a Bad Idea, Says Former Solon

13 Jul 202213 Jul 2022 Nath Cajuday BSP, Digital Tax, DOF, VAT 2 min read

“This proposal is definitely anti-consumer and must be opposed, junked and buried,” he said in a statement.

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News Regulation 

Finance Secretary Mulls Imposing Tax on Digital Transactions

9 Jul 20229 Jul 2022 Nath Cajuday Benjamin Diokno, Digital Transactions, DOF, philippines 3 min read

The former Bangko Sentral ng Pilipinas (BSP) Governor insisted that digital transactions should be taxed on the basis of fairness.

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News Regulation 

Incoming DOF Chief Disagrees on Proposed Tax Reforms Which Include Crypto, Digital Goods

31 May 202231 May 2022 Shiela Bertillo Benjamin Diokno, Crypto Tax, DOF 3 min read

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.

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News Play To Earn Regulation 

Department of Finance: Axie Infinity Creator Off to a Good Start

31 Aug 202131 Aug 2021 BitPinas 1 Comment Axie Infinity, DOF, Sky Mavis 1 min read

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.

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News Play To Earn Regulation 

BIR, DOF are Looking Into Axie Infinity, Earnings are Taxable says Finance Undersecretary

23 Aug 202123 Aug 2021 Michael Mislos 25 Comments Axie Infinity, BIR, DOF 3 min read

An independent estimation reveals that Php 2 billion was remitted to the Philippines last July via earnings by Filipinos playing Axie Infinity.

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News 

PH DOF Warns the Public Against “Bitcoin Lifestyle” Scam, Which Uses the President to Entice Individuals to Invest

29 Apr 202022 Jan 2023 BitPinas 7 Comments Bitcoin Lifestyle Scam, Coronavirus, COVID-19, DOF, philippines 1 min read

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.

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Newsletter

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