The Philippines

Sky Mavis has made a statement in regards to reports of the government of the Philippines investigating play-to-earn gaming and Axie Infinity in particular. The Vietnamese gaming company asks its players to abide to local laws, while they work with governments to encourage innovation. The company behind Axie Infinity posted the statement on Thursday on […]

The government of the Philippines is looking at play-to-earn games and Axie Infinity in particular, because they feel that both Sky Mavis and players should pay taxes over their earnings. In a local report covered by Coindesk Undersecretary of Finance, Antonette C. Tionko said that they will investigate whether Axie tokens are assets or securities. […]