Philippine Gov't To Allow Country's First Crypto Businesses In Special Economic Zone

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mugha269
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Pakistan

#43166

26 Apr 2018, 10:07

The Philippine government will permit 10 Blockchain and digital currency organizations to work in the Cagayan Economic Zone, Reuters reports April 25.

The organizations will supposedly be the principal Blockchain and crypto-related firms to legitimately work in the Philippines after the Cagayan Economic Zone Authority (CEZA) built up a fintech center point with the objective of making an Asian "Silicon Valley". CEZA is a state-possessed enterprise that deals with the Cagayan Special Economic Zone and Freeport.
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Head of CEZA Raul Lambino expressed that they will allow digital currency trades, mining, and Initial Coin Offerings (ICOs):

"We are going to permit 10 stages for digital currency trade. They are Japanese, Hong Kong, Malaysians, Koreans. They can go into digital money mining, Initial Coin Offerings, or they can go into trade."
READ FULL NEWS AT https://cointelegraph.com/news/philippi ... nomic-zone


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Adexbafo
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#43168

26 Apr 2018, 10:10

That's a moral boost for crypto enthusiasts in that region. This will also give conviction to those transacting in cryptocurrencies in that country and the digital ecosystem at large.

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mohid01
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#43188

26 Apr 2018, 12:40

good news for all crypto currency lover's and market that another country accepted cryptocurrency industry and blockchain technologies as legal.this step will increase the confidence lavel of crypto currency investers.

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#43191

26 Apr 2018, 13:03

WoW Thats amezing news crypto rock in world

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