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Art. 117. — The purchase, sale, use, and holding of so-called virtual currency is prohibited. Virtual currency is that used by internet users via the web. It is characterized by the absence of physical support such as coins, notes, payments by cheque or credit card.
The Philippines is generally mountainous; uplands make up 65 percent of the country's total land area. [52]: 38 [197] The Philippines is an archipelagoof about 7,641 islands,[198][199]covering a total area (including inland bodies of water) of about 300,000 square kilometers (115,831 sq mi).
Digital goods are software programs, music, videos or other electronic files that users download exclusively from the Internet. [1] Some digital goods are free, others are available for a fee. The taxation of digital goods and/or services, sometimes referred to as digital tax and/or a digital services tax, is gaining popularity across the globe.
The central bank of the Philippines, locally called the Bangko Sentral ng Pilipinas (BSP), is looking at the feasibility of issuing its own digital currency.The post Central bank of the ...
Virtual currency. Virtual currency, or virtual money, is a digital currency that is largely unregulated, issued and usually controlled by its developers, and used and accepted electronically among the members of a specific virtual community. [1] In 2014, the European Banking Authority defined virtual currency as "a digital representation of ...
Microtransactions ( mtx) refers to a business model where users can purchase in-game virtual goods with micropayments. Microtransactions are often used in free-to-play games to provide a revenue source for the developers. While microtransactions are a staple of the mobile app market, they are also seen on PC software such as Valve 's Steam ...
It allows the purchase of game keys, virtual items, and virtual currency with either real or other virtual currencies. Xsolla Site Builder allows developers to create sites in order to sell and promote pay-to-play games, free-to-play games, and in-game items. [32] Web Shop is a tool that allows mobile game developers to sell virtual items ...
Stellar is an open-source protocol for exchanging money or tokens using the Stellar Consensus Protocol. [1] The platform's source code is hosted on GitHub . Servers run a software implementation of the protocol, and use the Internet to connect to and communicate with other Stellar servers.