Here in the Philippines, there's no such law about imposing cryptocurrency taxation unless you declare it as income. The tax you are going to pay is the taxable income.
Nice regulation from the government, mate. It is quite the same as my country, there is no specific law about crypto taxation. We just need to pay income tax, including the income got from crypto business. However, as the crypto asset has been officially allowed in our country, I guess there will be a deeper assessment related to taxes in the future.