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Between "No to Mining" and "Allow Mining" is the philosophy of "Over-tax, over-regulate Mining", and this is what we have now. First, the Philippines has the highest value added tax (VAT) or gross sales tax rate in the Association of Southeast Asian Nations.

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May 18, 2018· Unionbank, the largest bank in the Philippines, has decided to expose its crypto mining equipment during a business conference.In such way, the country has shown its major interest in using cryptocurrencies, and especially in mining them. When the CEO of a top bank in the Philippines runs #Bitcoin miners at a business conference, you know we're headed in the right direction 😉 pic.twitter ...

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