We continue our investigations on pointwise multipliers for Besov spaces of dominating mixed smoothness. This time we study the algebra property of the classes $S^r_{p,q}B(mathbb{R}^d)$ with respect to pointwise multiplication. In addition if $pleq q$, we are able to describe the space of all pointwise multipliers for $S^r_{p,q}B(mathbb{R}^d)$.