I am not sure about regulation there, do you guys accept it as payment instrument(legal tender)? what about the taxation? I saw places in PH accepting BTC and wondered if that was true because that would mean, the country's accepted currency would be "peso" and some form of "cryptocurrency". If they start accepting crypto as legal tender that would be huge and perhaps first in SEA.
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No, thou some offers and accept crypto yet, a virtual wallet that is frequently used for buying E-load, sending virtual remittances, and even shopping online has a feature of crypto wallet.
And for the tax, I am not sure but maybe it was included in gas fees, for we pay high as we convert it to local currencies, lol. And those crypto wallets are regulated by bank central.
I was impressed by one of the wallets that offered now more than ten altcoins just this year.