Philippines Regulator Instructs Axie Infinity Players to Pay Taxes on Income Made from In-Game Assets

The Philippines financial regulator has not taken kindly to people making money off of blockbuster blockchain-based game Axie Infinity. Income Made via Axie Infinity is Taxable The Department of Finance (DOF) of the Philippines has warned the players of the popular blockchain-based game Axie Infinity that they must pay taxes on the real-world money they