19 Companies Licensed to Operate Crypto Exchanges in Philippine Economic Zone
Nineteen firms have been granted provisional licenses to operate crypto exchanges by the Philippine government-owned Cagayan Economic Zone Authority. In addition, eight firms have paid the application fees and are being reviewed. A list of all 27 companies has been published.
The Philippines Wants to Earn $67 Million By Crypto Exchange Licensing
A government authority that governs the Philippines Cagayan Special Economic Zone and Freeport is aiming to earn $67 million just by issuing cryptocurrency exchange licenses.
Philippines Legalizes Cryptocurrency Exchanges in Economic Zone
The Philippine government is welcoming nearly a dozen cryptocurrency companies to operate in a special tax-friendly economic zone situated in close proximity to a number of neighboring countries.