Quote from: cryptoaddictchie on Today at 10:02:20 AM

Quote from: yazher on Today at 08:50:31 AM

They shouldn't be happy when they got an interview because the one will suffer are those who entered late in the game and put some huge amount of capitals.

Yeah watch this too. The problem here is the decentralization set up for axie. The goverment even trying to tax something they dont even have law yet. How come they would impose such tax they dont even have regulations about it yet. Its fine to pay tax as long as they have guildelines about the crypto. Its same with trading without any rules, so Im sure this will take time or will never be implemented. Suck that Philippines have crocodiles in the offices. These people are hungry for taxes. They obviously aiming something here.

Agree on this, They don't need to tax players directly because all of them will need an exchange to convert SLP to Fiat, Maybe create a guidelines just like what US SEC do to regulate there people. They regulate exchange which means user are forced to submit an audit and pay there taxes base on there trading value. I notice that the issue is from Philippines which is very slow to create a guidelines. Politicians are very busy on self interest that's all the laws created is just for there own self benefits. I don't see any alarming effect of this if its came from Philippines government. LMAO