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Legality & Taxation of Cryptos / Re: Philippines Regulator to Unveil Cryptocurrency Regulatory Framework in Second Ha
« on: Today at 03:09:16 AM »
I see, so I guess the law in the Philippines and Indonesia is quite similar then? Kinda surreal to see my country's laws are clearer than our neighboring country (albeit a bit far, geographically) despite the subject being relatively new. Not sure if it shows they don't bother researching crypto that much or if they decide it is easier to make the laws quite relaxed as long as they can get taxes from the industry as soon as possible. Anyway, let's see what kind of framework will they introduce. Being too detailed can discourage international business too afaik.