RATE Group | Philippines Issues Third Cryptocurrency Exchange License
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Philippines Issues Third Cryptocurrency Exchange License

27 Jul Philippines Issues Third Cryptocurrency Exchange License

Posted at 05:17h in Cryptocurrency News by

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The Philippines has granted a provisional license to a third cryptocurrency exchange operator.

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The Cagayan Export Zone Authority (CEZA), an economic Freeport zone in the north of the Philippines, on Thursday issued the third financial technology solutions and offshore virtual currency (FTSOVC) provisional principal license to Hong Kong-based Liannet Technology Ltd., a subsidiary of Apsaras Group. 

With that, CEZA Administrator and Chief Executive Officer Raul Lambino said that his dream of transforming the country like Silicon Valley’s counterpart in Asia is now a step closer than before.

“Modesty aside, I can, in all honesty, declare today: The CEZA Fintech hub is already making history,” Lambino said. “Twelve of the 17 other fintech and offshore virtual currency firms that have fully paid their application and license fees are waiting in line, 19 of the 36 offshore firms are expected to follow suit.”

He added the blockchain and fintech projects in CEZA would create an…

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