While fees from registration contributed to CEZA’s income, it estimates more growth when the offshore crypto firms start trading their asset-backed tokens.
The Cagayan Economic Zone Authority has partnered with Rare Earth Asia Technologies (Rare Earth) to market and promote the economic zone as an ideal destination to set fintech and blockchain businesses in the Philippines.
The Cagayan Economic Zone Authority (CEZA) cracks down any illegal online cockfighting (sabong) and unlicensed cryptocurrency firms within its economic zone.
CEZA states that the Crypto Valley Project will help catalyze an economic boom in the region.
The license allows Liannet to establish a financial tech, crypto, and blockchain office at the Cagayan Economic Zone.
The Cagayan Economic Zone will soon be home for up to 21 blockchain and crypto firms that signed an agreement with CEZA.
The Cagayan Economic Zone Authority (CEZA) revealed that it will house a $100-million facility in two years’ time.
The Cagayan Economic Zone Authority received Php 1.7 billion worth of signed contracts from crypto companies wanting to invest in the special economic zone
10 blockchain & virtual currency companies will have the opportunity to operate in the Philippines’ Cagayan Economic Zone.
It will house a blockchain center, cryptocurrency mining farm, cryptocurrency exchange, and a fintech startup incubator.