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The Department of Finance (DOF) has recognized the effort of Sky Mavis, the Vietnamese company behind the play-to-earn game Axie Infinity, in encouraging players to abide by government laws.
Finance Sec. Carlos Dominguez III
Finance Secretary Carlos G. Dominguez III said that Sky...
The Bangko Sentral ng Pilipinas (BSP) does not consider the popular Axie Infinity as a virtual asset service provider (VASP) and is critically monitoring how players are using and exchanging tokens or cryptocurrency assets known as Smooth Love Potion (SLP) as a form of payment and the extent of its...
The Bureau of Internal Revenue (BIR) and social media influencers and other digital workers have been asked to chill and give way to dialogue in addressing the taxation controversy that have put them at loggerheads.
Axie Infinity
Rizal 2nd District Rep. Fidel Nograles aired the appeal as he...
Popular online play-to-earn company Axie Infinity or Sky Mavis is not registered as a corporation with the Securities and Exchange Commission nor does it have a license to sell or trade securities in the Philippines.
“The SEC has received numerous inquiries regarding Axie Infinity as well as...
Labor group Defend Jobs Philippines has slammed the government’s imposition of new tax measures on players of online play-to-earn (P2E) games such as Axie Infinity.
(Photo from Alexandria San Juan)
This, after the Department of Finance (DOF) earlier pronounced that earnings from these gaming...
Earnings from online play-to-earn games, such as Axie Infinity, are taxable, the Department of Finance (DOF) said.
Axie Infinity
Amid a rapid rise in popularity of online multiplayer video games that also allow players to generate profits, Finance Undersecretary Antonette C. Tiono said that...
