March 2021 | International Law Alerts | Crypto Currency / E-Commerce

 

The Intellectual Property Office of the Philippines (IPOPHL) has signed a memorandum of understanding (MOU) with the biggest e-commerce platforms in the country and intellectual property rights holders for speedy removal of fake products on online shopping sites.

Quarantine restrictions put in place to address the spread of the coronavirus disease (Covid-19) resulted in the surge in Social Security System’s (SSS) electronic transactions in 2020

PalengkeLink, a local digital delivery and online palengke (wet market) app for wet and dry goods, allows customers to place orders with a merchant identified as a palengke stall owner or local market partner, and have their goods delivered by a rider partner within the day.

Social media has changed how we communicate with friends and family, keep up with everything from fitness trends to news, and share our thoughts and talents with the world. Now, it is changing how and where we shop.

The Philippine Chamber of Commerce and Industry (PCCI) and other business organizations have committed to pursue programs that will support and complement the 2022 E-Commerce Roadmap that was launched recently by the Department of Trade and Industry (DTI).

Bitcoin has become a financial and cultural phenomenon, having been in existence only since 2009. While many people have heard of it, very few understand it. In short, Bitcoin is a cryptocurrency, or digital currency, that allows transactions independent of the banking system. Some see digital currency as revolutionary because it lets people send funds as easily as emails, even across international borders.

Convenience experienced by consumers on their financial transactions during the pandemic is expected to further boost electronic commerce (e-commerce) post-pandemic.

It is high time for countries like the Philippines to collect value-added tax (VAT) from the digital economy to offset substantial foregone revenues felt across the region, according to a World Bank report.

PayPal Holdings Inc. will announce that it has started allowing US consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally, a move that could significantly boost use of digital assets in everyday commerce.