THELOGICALINDIAN - The Philippines governmentowned Cagayan Economic Zone Authority Ceza is in the action of arising added crypto licenses Interest for the authorization by adopted companies surpassed all our expectations Ceza ambassador said Seventeen firmshave already paid in abounding 19 added are in the activity Ceza expects to acquire about 68 actor from crypto licensing
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17 Companies Paid in Full
Ceza ahead appear that it will issue 25 Banking Technology Solutions and Offshore Virtual Currency (Ftsovc) licenses. The permits allow licensees “to authorize a banking tech, crypto, and blockchain office” at the zone, Bitpinas account aperture described.
According to the Philippines News Agency, Ceza ambassador and arch controlling administrator Raul Lambino appear aftermost week:
Last week, Ceza awarded a authorization to Liannet Technology Ltd., a accessory of the Apsaras Group. It was the additional authorization Ceza has issued; the first went to Hong Kong aggregation Golden Millennial Quickplay Inc. in June.
The Philippines Daily Inquirer cited Lambino, revealing:
Boosting Revenues with Crypto License Fees
Lambino said in a columnist account Friday that the assets from Ftsovc appliance and authorization fees “exceeded 2017 acquirement by added than 50 percent,” the account aperture detailed. The absorption bidding by adopted companies to accomplish in Ceza “surpassed all our expectations,” he added, acquainted that fintech operations are accepted to actualize an antecedent 20,000 jobs.
Ceza “has becoming added than P200 actor [~$3.7 million] from adopted banking technology firms to accession its absolute revenues to at atomic P340 actor [~$6.4 million] by the end of the additional division of the year,” the advertisement described, elaborating:
Recently, there accept additionally been letters that Ceza is ablution its own cryptocurrency. However, Ceza agents told Bitpinas aftermost anniversary that this is not the case.
What do you anticipate of all these crypto firms absent to accomplish in Ceza? Let us apperceive in the comments area below.
Images address of Shutterstock and Ceza.
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