Re: Title: Bangko Sentral ng Pilipinas at ang Cryptocurrency
⭐ Merited by AicecreaME (1)
In summary:
- Diokno: "cryptocurrencies are not really currencies, as they are more appropriately referred to as virtual assets"
- Non-verbatim:"Wow angdaming nag eexchange ng crypto sa exchanges, prepare for more taxes!"
Eto talaga yun. Nakikita nila ang utility ng bitcoin sa pagpapapalit-palit lang ng value, pero not so much when it comes to actual transactions na pagsesend from one place to another. Either way, this still nets positive reaction from them, and who knows baka mas mag soften-up pa ang gobyerno at ang BSP sa policies, laws, and regulations na hinahanda nila sa kasalukuyan.
At regarding sa taxation, we already saw it coming from miles away. Alam nating may kaakibat na value ang paggamit ng cryptocurrencies, and with value comes taxes. Wag nga lang sana umabot na with taxes come corruption, dahil napaka-normal na sa gobyerno natin ito at huwag naman sanang mabahiran ng madudungis na kamay ang cryptocurrency industry.
Expected na natin to, knowing the government, as cryptocurrency makes noise and becomes massively adapted the more it gets the government's attention. The government will sooner or later include this as a tax subject. Either we like it or not we all know and we are well aware that we can't avoid corruption lalo na sa ating bansa. Sana lang kung magkakaroon man ng tax justifiable since karamihan ng Pinoy ay mga nag sisimula pa pang sa crypto at mga small investors pa lang.