The government of the Philippines has issued a comprehensive set of new rules governing cryptocurrencies.
In a bid to effectively regulate and protect investors, the Cagayan Economic Zone Authority (CEZA) said that it has approved the Digital Asset Token Offering (DATO) regulations,
The Philippines’ Cagayan Economic Zone Authority (CEZA) has partnered with private property developer Northern Star Gaming & Resorts to develop a crypto and FinTech hub in the country.
Dubbed Crypto Valley of Asia (CVA), the planned development estate is part of the government’s bid to foster a FinTech ecosystem to attract international blockchain companies to set up shop in the country.
The Philippines’ Cagayan Economic Zone Authority (CEZA) has approved the application of three cryptocurrency exchanges to legally operate in the economic zone.
CEZA is a state-owned corporation that controls the Cagayan Special Economic Zone and Freeport operations. The economic zone is a major trans-shipment point for trade in the Asia-Pacific rim due to its strategic location between the Pacific Ocean and the West Philippine Sea.
Raul Lambino, Administrator and CEO of the Philippines’ Cagayan Economic Zone Authority (CEZA), has revealed plans to issue 25 licenses to cryptocurrency firms.
CEZA is a government-operated economic zone in the northern tip of the Philippines. It is a major trans-shipment point for trade in the Asia-Pacific rim due to its strategic location between the Pacific Ocean and the West Philippine Sea.
The government of Philippines will allow ten crypto and blockchain firms to operate in a special tax-friendly economic zone to take advantage of tax perks while generating employment.
Raul Lambino, the chief of the Cagayan Economic Zone Authority (CEZA), said the government will legalize the entry of the companies in the CEZA,
