Three Crypto Exchanges licensed to operate in Philippine Special Economic Zone

Asia Blockchain The Philippines

Three cryptocurrency exchanges have received provisional licenses from The Cagayan Economic Zone Authority (CEZA) with expected $3 million of investment as a result.

This follows an April Philippines government announcement inviting 10 blockchain and cryptocurrency firms to operate within the Cagayan Special Economic Zone and Freeport controlled by CEZA.

According to Raymundo T. Roquero, CEZA deputy administrator, two of the exchanges are from Hong Kong, and the third from Thailand. Other companies have also been approved, with details to follow.

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Maciek Klimowicz

Maciek Klimowicz

A seasoned writer and editor with 10 years of experience in a variety of print and online media. Recognizing the transformative potential of the blockchain technology, Maciek has now put his pen to work to explore the key issues of this fast-evolving sector. Contact him on [email protected].

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