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  2. Legality of cryptocurrency by country or territory - Wikipedia

    en.wikipedia.org/wiki/Legality_of_cryptocurrency...

    Businesses and individuals who buy, sell, store, manage, or mediate the purchase or sale of virtual currencies or provide similar services must comply with the anti-money laundering law. [14]: 33–34 Bitcoin is classified as an intangible asset (not as electronic money) for the purpose of accounting and taxes. [137] [138] Germany: Legal

  3. Virtual tax - Wikipedia

    en.wikipedia.org/wiki/Virtual_tax

    Virtual tax. Virtual tax is a proposed USA tax on internet gamers for items bought or traded solely within the virtual world (Internet game worlds). [1] [2] [3] The tax on a transaction would be considered as if it were a purchase or sale (if real currency is involved) or barter (if not). Virtual property, on the death of the owner, would be ...

  4. Taxation of digital goods - Wikipedia

    en.wikipedia.org/wiki/Taxation_of_digital_goods

    In the meantime, several countries led first by the European Union have begun to propose and implement digital services taxes (DSTs) which have a number of aims: to raise tax revenues; to put pressure on other countries – in particular the United States – to reach an agreement; and, arguably, to create a level playing field until the OECD/G20 framework reaches an agreement or comes into force.

  5. Central bank of the Philippines is considering issuing its ...

    www.aol.com/news/central-bank-philippines...

    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 ...

  6. Cryptocurrency taxes: A guide to tax rules for Bitcoin ... - AOL

    www.aol.com/finance/cryptocurrency-taxes-guide...

    Of course, you could just as well have a tax loss, if the value of goods, services or real currency is below your cost basis in the cryptocurrency. In either case, you’ll have to know your cost ...

  7. Virtual economy - Wikipedia

    en.wikipedia.org/wiki/Virtual_economy

    A virtual economy (or sometimes synthetic economy) is an emergent economy existing in a virtual world, usually exchanging virtual goods in the context of an online game, particularly in massively multiplayer online games (MMOs). People enter these virtual economies for recreation and entertainment rather than necessity, which means that virtual ...

  8. Virtual currency - Wikipedia

    en.wikipedia.org/wiki/Virtual_currency

    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 ...

  9. Taxation in the Philippines - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_the_Philippines

    The policy of taxation in the Philippines is governed chiefly by the Constitution of the Philippines and three Republic Acts . Constitution: Article VI, Section 28 of the Constitution states that "the rule of taxation shall be uniform and equitable" and that " Congress shall evolve a progressive system of taxation ". [ 1]