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| Best software crypto wallets | Speaking about the changes, Melchor Plabasan , Technology Ris k and Innovation Supervision Director of BSP, pointed out that the use of crypto has revolutionised remittances and payments as well as opening up new fundraising opportunities. If cryptocurrency is used for payment, it's considered a barter transaction and taxed based on the value of the crypto at the transaction time. Bybit is the best platform for Filipino investors to buy, sell, hold and stake cryptocurrencies due to its multiple free PHP deposit methods, low trading fees, multiple order types and wide range of digital assets. It's praised for its derivatives trading platform, which includes features such as futures and options trading. Do you have any questions? Secured Transactions Eliminate the risk and hassle of transacting with strangers just to avoid cash-in charges. Yes, cryptocurrency is subject to taxation in the Philippines. |
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